Standard Deviation Calculate 1.1
Continue to app
Free Version
Publisher Description
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.
Standard deviation may be abbreviated SD, and is most commonly represented in mathematical texts and equations by the lower case Greek letter sigma σ, for the population standard deviation, or the Latin letter s, for the sample standard deviation.
Application examples
The practical value of understanding the standard deviation of a set of values is in appreciating how much variation there is from the average (mean).
Experiment, industrial and hypothesis testing[
Standard deviation is often used to compare real-world data against a model to test the model. For example, in industrial applications the weight of products coming off a production line may need to comply with a legally required value. By weighing some fraction of the products an average weight can be found, which will always be slightly different from the long-term average. By using standard deviations, a minimum and maximum value can be calculated that the averaged weight will be within some very high percentage of the time (99.9% or more). If it falls outside the range then the production process may need to be corrected. Statistical tests such as these are particularly important when the testing is relatively expensive. For example, if the product needs to be opened and drained and weighed, or if the product was otherwise used up by the test.
In experimental science, a theoretical model of reality is used. Particle physics conventionally uses a standard of "5 sigma" for the declaration of a discovery. A five-sigma level translates to one chance in 3.5 million that a random fluctuation would yield the result. This level of certainty was required in order to assert that a particle consistent with the Higgs boson had been discovered in two independent experiments at CERN,also leading to the declaration of the first observation of gravitational waves, and confirmation of global warming.
Weather
As a simple example, consider the average daily maximum temperatures for two cities, one inland and one on the coast. It is helpful to understand that the range of daily maximum temperatures for cities near the coast is smaller than for cities inland. Thus, while these two cities may each have the same average maximum temperature, the standard deviation of the daily maximum temperature for the coastal city will be less than that of the inland city as, on any particular day, the actual maximum temperature is more likely to be farther from the average maximum temperature for the inland city than for the coastal one.
Finance
In finance, standard deviation is often used as a measure of the risk associated with price-fluctuations of a given asset (stocks, bonds, property, etc.), or the risk of a portfolio of assets (actively managed mutual funds, index mutual funds, or ETFs). Risk is an important factor in determining how to efficiently manage a portfolio of investments because it determines the variation in returns on the asset and/or portfolio and gives investors a mathematical basis for investment decisions (known as mean-variance optimization). The fundamental concept of risk is that as it increases, the expected return on an investment should increase as well, an increase known as the risk premium. In other words, investors should expect a higher return on an investment when that investment carries a higher level of risk or uncertainty. When evaluating investments, investors should estimate both the expected return and the uncertainty of future returns. Standard deviation provides a quantified estimate of the uncertainty of future returns.
Sep 1, 2022
Version 1.1
bug fixed
About Standard Deviation Calculate
Standard Deviation Calculate is a free app for iOS published in the System Maintenance list of apps, part of System Utilities.
The company that develops Standard Deviation Calculate is 天一 邓. The latest version released by its developer is 1.1.
To install Standard Deviation Calculate on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2022-09-01 and was downloaded 0 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Standard Deviation Calculate as malware if the download link is broken.
How to install Standard Deviation Calculate on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the Standard Deviation Calculate is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After Standard Deviation Calculate is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
