Variance and Standard Variation of Ungrouped Data The standard deviation is derived from variance and tells you, on average, how far each value lies from the mean. It’s the square root of variance.
Standard deviation is expressed in the same units as the
original values (e.g., meters). • The variance is a measure of variability. It is calculated by taking the average of squared deviations from the mean.
• Variance tells you the degree of spread in your data
set. The more spread the data, the larger the variance is in relation to the mean. • Steps for Calculating the Standard Deviation 1. Calculate the mean. 2. Determine the deviations. 3. Squared the deviations. 4. Add all the squared deviations. 5. Divide the sum by n – 1. 6. Take the square root of the variance. n = number of observations Example: Find the variance and standard deviation for the given data set. Find the variance and standard deviation: Study the following data: