Calculate standard deviation, variance, mean, and coefficient of variation for your dataset. Choose between population and sample calculations with instant, accurate results.
Standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a dataset. It tells you how spread out the values are from the mean (average). A low standard deviation indicates that values tend to be close to the mean, while a high standard deviation indicates that values are spread out over a wider range.
This calculator computes both population standard deviation (σ) and sample standard deviation (s), along with related metrics like variance, mean, sum, and coefficient of variation. The population formula divides by N (total count), while the sample formula divides by n-1 to provide an unbiased estimate when working with a subset of data.
Standard deviation is essential across numerous fields including finance (measuring investment risk and volatility), quality control (assessing product consistency), research (evaluating data reliability), healthcare (analyzing patient metrics), and sports (measuring performance consistency).
Standard deviation is one of the most widely used statistical measures, with applications spanning virtually every field that deals with data analysis:
Current statistical guidelines emphasize several important considerations when using standard deviation:
Used when you have data for the entire population. The formula squares each deviation from the mean, sums them, divides by N (total count), and takes the square root:
σ = √[Σ(x - μ)² / N]
Used when working with a sample to estimate population parameters. Divides by n-1 (Bessel's correction) to provide an unbiased estimate:
s = √[Σ(x - x̄)² / (n-1)]
Variance is the square of standard deviation. It represents the average squared deviation from the mean and is useful in many statistical calculations.
CV = (Standard Deviation / Mean) × 100%. This dimensionless measure allows comparison of variability between datasets with different units or scales.
Use population standard deviation when you have data for the entire population you're studying. Use sample standard deviation when you're working with a subset of data and want to make inferences about the larger population. Sample standard deviation uses n-1 in the denominator (Bessel's correction) to provide an unbiased estimate.
A high standard deviation indicates that data points are spread out over a wide range of values, far from the mean. This suggests high variability or inconsistency in your dataset. In finance, this means higher risk; in manufacturing, it indicates less consistent quality.
Coefficient of variation (CV) is the ratio of standard deviation to the mean, expressed as a percentage. It's useful for comparing variability between datasets with different units or scales. For example, you can use CV to compare the relative variability of heights (measured in cm) versus weights (measured in kg).
Larger sample sizes generally provide more reliable estimates of standard deviation. With very small samples (n<10), the estimate can be biased and less stable. As sample size increases, the sample standard deviation becomes a better estimate of the true population standard deviation.
No, standard deviation is always zero or positive. It represents a distance measure (how far values are from the mean), and distances cannot be negative. A standard deviation of zero means all values in the dataset are identical.
Outliers can significantly increase standard deviation because the calculation involves squaring deviations from the mean. A single extreme value can disproportionately affect the result. If your data contains outliers, consider whether they represent valid data points or errors, and whether robust statistical measures might be more appropriate.