Standard deviation is a measurement of variation within a set of data points relative to the dataset’s mean average. A higher standard deviation indicates greater variability, while a lower standard ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Standard deviation is a widely used metric to ascertain the investment risk of mutual funds. The concept of Standard Deviation becomes important when you invest in a market-linked product like mutual ...