Intro to Business Statistics
The population standard deviation is a measure of the spread or dispersion of a set of data within a population. It represents the average distance of each data point from the population mean, and is a fundamental concept in statistics that is closely related to the topics of Definitions of Statistics, Probability, and Key Terms, Measures of the Spread of the Data, A Confidence Interval When the Population Standard Deviation Is Known or Large Sample Size, Calculating the Sample Size n: Continuous and Binary Random Variables, and Probability Distribution Needed for Hypothesis Testing.
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