Architecture

Does The Value Of The Standard Deviation Depend On The Value Of The Mean?

A beginner’s guide to standard deviation and standard error

Posted on 26th September 2018 by Eveliina Ilola

What is standard deviation?

Standard deviation tells you how spread out the data is. It is a measure of how far each observed value is from the mean. In any distribution, about 95% of values will be within 2 standard deviations of the mean.

You are watching: Does the value of the standard deviation depend on the value of the mean?

*

How to calculate standard deviation

Standard deviation is rarely calculated by hand. It can, however, be done using the formula below, where x represents a value in a data set, μ represents the mean of the data set and N represents the number of values in the data set.

*

The steps in calculating the standard deviation are as follows:

For each value, find its distance to the meanFor each value, find the square of this distanceFind the sum of these squared valuesDivide the sum by the number of values in the data setFind the square root of this

What is standard error?

When you are conducting research, you often only collect data of a small sample of the whole population. Because of this, you are likely to end up with slightly different sets of values with slightly different means each time.

If you take enough samples from a population, the means will be arranged into a distribution around the true population mean. The standard deviation of this distribution, i.e. the standard deviation of sample means, is called the standard error.

See more: Why Is Food Chain Magnate So Expensive, Why So Expensive

The standard error tells you how accurate the mean of any given sample from that population is likely to be compared to the true population mean. When the standard error increases, i.e. the means are more spread out, it becomes more likely that any given mean is an inaccurate representation of the true population mean.

How to calculate standard error

Standard error can be calculated using the formula below, where σ represents standard deviation and n represents sample size.

See more: Microsoft Surface Pro 7 Vs Dell Xps 13 2-In-1 Vs Surface Pro 7 Vs

Standard error increases when standard deviation, i.e. the variance of the population, increases. Standard error decreases when sample size increases – as the sample size gets closer to the true size of the population, the sample means cluster more and more around the true population mean.

Images:

Image 1: Dan Kernler via Wikipedia Commons: https://commons.wikimedia.org/wiki/File:Empirical_Rule.PNG 

Image 2: https://www.khanacademy.org/math/probability/data-distributions-a1/summarizing-spread-distributions/a/calculating-standard-deviation-step-by-step

Image 3: https://toptipbio.com/standard-error-formula/

Sources:

http://www.statisticshowto.com/probability-and-statistics/standard-deviation/

http://www.statisticshowto.com/what-is-the-standard-error-of-a-sample/

https://www.statsdirect.co.uk/help/basic_descriptive_statistics/standard_deviation.htm

https://www.bmj.com/about-bmj/resources-readers/publications/statistics-square-one/2-mean-and-standard-deviation

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button