Correct option is C
The standard deviation (σ) is defined as the square root of the variance (σ²). It measures the dispersion or spread of a dataset relative to its mean. The standard deviation provides a clearer interpretation of variability because it is expressed in the same units as the data, unlike variance, which is in squared units.
Mathematically,
σ =
where:
σ = Standard deviation
Mean of the dataset
X = Individual data points
N = Number of observations
- Variance measures how far each number in a dataset is from the mean, but its unit is squared.
- Standard deviation makes the measurement more interpretable by taking the square root of the variance.
- Used in: Economics, social sciences, geography, and statistical research for analyzing variability in data.
(a) Mean deviation – Incorrect
- Mean deviation is the average of absolute differences from the mean, not the square root of variance.
(b) Coefficient of mean deviation – Incorrect
- The coefficient of mean deviation is a relative measure, calculated as Mean Deviation / Mean, not related to variance.
(d) Coefficient of standard deviation – Incorrect
- It is a measure of relative dispersion, calculated as Standard Deviation / Mean, and not the square root of variance.