Advantages of Standard Deviation.pptx

Here in this PPT you can find advantages of Standard Deviation.

1. Advantages of Standard Deviation

2. What is Standard deviation Key points of Standard deviation Types of Standard deviation Use in daily life Example Advantages of Standard Deviation Conclusion Index

3. A standard deviation (or σ) is a measure of how the data is in relation to the mean. A standard deviation close to zero indicates that data points are close to the mean, where as a high or low standard deviation indicates data points are respectively above or below the mean. Standard deviation formula

4. Key points of Standard deviation Standard deviation is the measure of dispersion of a set of data from its mean. Standard deviation is denoted by σ Standard deviation measures the dispersion of a dataset relative to its mean. It is calculated as the square root of the variance.

5. Types of Standard deviation There are two types of standard deviation , Frequency series Simple series

6. Test Scores Marketing Human Resources Weather Forecasting Use in daily life We can use standard deviation in our daily life.

7. Example

8. Advantages of Standard Deviation Shows how much data is clustered around a mean value It gives a more accurate idea of how the data is distributed Not as affected by extreme values

9. Conclusion Today’s discussion is that what is standard deviation, key points of standard deviation, types of standard deviation, use standard deviation in daily life, some examples and the last one is advantage of standard deviation. standard deviation might be a simple formula, but it has many uses in daily life. It mostly used in the finance sector to calculate the risk. The standard deviation is a much popular method.