Standard deviation measures the spread or dispersion of a dataset relative to its mean. A low standard deviation indicates that data points are close to the mean, while a high standard deviation suggests a broader spread.
For a population standard deviation:
σ = √(Σ (xᵢ – μ)² / N)
Where μ is the mean and N is the total number of data points.
If you have the data points [10, 20, 30, 40, 50]:
A higher standard deviation means your data points are more spread out. This could indicate variability or inconsistencies in your dataset.
Generally, a larger sample size gives a more accurate picture. For small samples, consider the sample standard deviation formula (n-1 in the denominator).
You can also look at our Average Calculator to find the mean of your data quickly.