Calculate standard deviation, variance, and statistical measures
Standard deviation measures how spread out a set of numbers is from their average (mean). A low standard deviation means values cluster tightly around the mean; a high standard deviation means they're spread over a wider range. It's a core statistic used in finance, quality control, grading, and scientific research.
Population SD = √(Σ(x − mean)² / N); Sample SD = √(Σ(x − mean)² / (N − 1))
Population SD divides by N and is used when your dataset IS the entire population; sample SD divides by N−1 (Bessel's correction) and is used when your data is a sample meant to estimate a larger population's spread — sample SD is slightly larger and is the more common choice in real-world statistics.
It means values are spread widely from the mean; a low one means they're clustered close to it. Two classes with the same average test score can have very different standard deviations if one class has mostly similar scores and the other has a wide range of high and low scores.
Variance is the average of squared differences from the mean; standard deviation is its square root, which puts the measure back into the original units, making it easier to interpret.
Because differences from the mean are squared, outliers have an outsized effect on standard deviation — a single extreme value can substantially increase it.
There's no universal 'normal' value — it depends entirely on the scale and variability of your specific data. What matters is comparing standard deviations across similar datasets, not against an absolute benchmark.