dispersion of the values of a random variable around its expected value
[Q] What is standard deviation exactly?
ELI5: What is standard deviation?
Two groups of students take an exam.
Group A averages 70%. Nearly every student gets a score of like 67%, 71%, 73%, etc.
Group B averages 70%. A lot of students get 100s, but a lot of other students bomb the test and get 40%.
If you look only at the average, the two groups look the same - they both averaged a 70. But they're not the same. Group B has a bunch of geniuses and a bunch of idiots, while Group A has mostly average people.
The standard deviation is a measure of how "spread out" the data is. A low standard deviation means that most of the data points are very close to the average, while a high standard deviation means that there's a lot of data that's spread out far from the average. So Group B has a much higher standard deviation than Group A.
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So the way I've had it explained to me is that SD is how much individual data points deviates (on average) from the mean of the data set.
If we take 9 data points
-4
-3
-2
-1
0
1
2
3
4
The mean here is 0.
When I use the excel function for SD it gives me 2,73...
By the definition I gave earlier. Shouldn't the standard deviation be somewhere between 2 and 2.5? Why 2,73?



