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Question
What is the difference between mean and standard deviation?
What is the difference between mean and standard deviation?
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Solution
The difference between mean and standard deviation:
Mean Standard Deviation Mean is the ratio of the sum of all values to the total number of values. The standard deviation is the measure of the dispersion of the data values from the mean. Mean is used to measure the average. Standard deviation is used to measure volatility.
Hence,mean denotes the average and standard deviation denotes the variation in data
The difference between mean and standard deviation:
| Mean | Standard Deviation |
|---|---|
| Mean is the ratio of the sum of all values to the total number of values. | The standard deviation is the measure of the dispersion of the data values from the mean. |
| Mean is used to measure the average. | Standard deviation is used to measure volatility. |
Hence,mean denotes the average and standard deviation denotes the variation in data
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