What is Standard Deviation in Statistics?
In Statistics, the Standard Deviation is a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean (also called the expected value) of the set, while a high standard deviation indicates that the values are spread out over a wider range. A useful property of the standard deviation is that, unlike the variance, it is expressed in the same unit as the data. The Standard Deviation of a random variable, sample, statistical population, data set, or probability distribution is defined and calculated as the square root of its variance.
How to Calculate Standard Deviation given Coefficient of Variation Percentage?
Standard Deviation given Coefficient of Variation Percentage calculator uses Standard Deviation of Data = (Mean of Data*Coefficient of Variation Percentage)/100 to calculate the Standard Deviation of Data, Standard Deviation given Coefficient of Variation Percentage formula is defined as the measure of how much the values in a dataset vary. It quantifies the dispersion of data points around the mean, and calculated using the coefficient of variation percentage of the given data. Standard Deviation of Data is denoted by σ symbol.
How to calculate Standard Deviation given Coefficient of Variation Percentage using this online calculator? To use this online calculator for Standard Deviation given Coefficient of Variation Percentage, enter Mean of Data (μ) & Coefficient of Variation Percentage (CV%) and hit the calculate button. Here is how the Standard Deviation given Coefficient of Variation Percentage calculation can be explained with given input values -> 2.505 = (1.5*167)/100.