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How To Interpret Standard Deviation (3 Key Concepts To Know)
It is one thing to calculate a standard deviation from a data set. However, it is another to interpret it and find out what it is telling you about a data set. So, how do you interpret...
When Does Mean Change? (3 Things To Know About Increases & Decreases)
Are you trying to figure out what happens to the mean of a data set when you add or remove a point? The change in the mean really depends on how the data point relates to the original...
Mean and standard deviation are often calculated and used to describe a data set, possibly to compare it to another data set. However, it helps to know the key differences between these two...
Mean tells us the average of a data set, which can help us to understand the data and make predictions about the future. However, there are lots of other uses for the mean of a data set. So,...
The mode of a data set gives you some indication of where the values are most clustered together. However, this also raises questions of what else mode tells us, and how it compares to other...
Mean and median are used often in statistics to help summarize the values in a data set. However, there are questions about how they are related, how they differ, and what they mean. So,...