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what is the difference between variance and standard deviation, other than that the standard deviation squared is the variance? both measure the spread of data, don't they?
also, why is the stand deviation of 1,2,3,4,5 sqrt(3)? how does this tell me about the spread of data?
Hi waynesmithie;
All your questions are answered here.
http://www.mathsisfun.com/standard-deviation.html
Please cover the page above and then you will have a better understanding.
Another reason the sd is preferred over the variance is that the sd is in the same units as the data.
In mathematics, you don't understand things. You just get used to them.
If it ain't broke, fix it until it is.
Always satisfy the Prime Directive of getting the right answer above all else.
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