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Glossary term
Standard Deviation
A measure of how spread out individual values are around their mean.
Visual intuition
mean
Standard deviation is the looseness around the mean
Standard deviation describes how far individual values spread around the mean.
How It Works
Standard deviation describes variation in the data itself. It is about individual observations, not about how precisely a
mean
has been estimated.
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Concepts
Standard Deviation
Standard deviation describes how spread out individual observations are around their mean. It is about variation in the data itself. Standard error is different: it describes how much an estimate such as the sample mean would vary across repeated samples.
Related Facts
Data Tricks
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Standard error vs standard deviation: spread vs precision
Standard deviation describes spread among individual values. Standard error describes uncertainty in an estimate such as the mean.
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