Financial Time Machine
Saturday, 9 April 2016
Standard Deviation
Standard Deviation is your friend. Alas, a lot of people, especially engineers and developers, don't actually know what it is nor how to work it out.
The Standard Deviation is simply a measure of how spread out numbers are.
(N - number of elements, Xi - element i in range X,
u
- mean)
Explanation 1
Slightly more in depth explanation 2
Got it? Easy eh.
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