Market Research Tools
Standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data points. A low standard deviation indicates that the data points tend to be close to the mean, while a high standard deviation indicates greater variability among the data points. Understanding standard deviation is crucial for various research designs, as it helps evaluate data distribution, assess the quality of secondary data, interpret central tendency measures, present descriptive statistics effectively, and apply data visualization techniques.
congrats on reading the definition of Standard Deviation. now let's actually learn it.