Statistical Formulas:
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Definition: This calculator computes key statistical measures that describe how spread out a dataset is, including variance, standard deviation, and range.
Purpose: It helps researchers, students, and analysts understand the dispersion of their data points.
The calculator uses these formulas:
Where:
Details: These metrics help understand data variability, compare datasets, and assess reliability of the mean as a central value.
Tips: Enter comma-separated numerical values (e.g., 5, 10, 15, 20). The calculator will ignore any non-numeric entries.
Q1: What's the difference between variance and standard deviation?
A: Variance is in squared units while standard deviation is in original units, making SD more interpretable.
Q2: When would I use range vs standard deviation?
A: Range gives quick spread estimation but is sensitive to outliers. SD considers all data points.
Q3: What does a high variance indicate?
A: High variance means data points are spread widely from the mean and from each other.
Q4: How many data points do I need?
A: At least 2 for range, but more points give more reliable spread measures.
Q5: Why is standard deviation more commonly used than variance?
A: Standard deviation is in the same units as the original data, making it more intuitive.