Business Anthropology
Standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data values. It indicates how much individual data points deviate from the mean (average) value, helping to understand the distribution and reliability of the data. A low standard deviation means the data points are close to the mean, while a high standard deviation signifies that they are spread out over a wider range of values, which is crucial for analyzing results in quantitative research.
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