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Question

What are the advantages and disadvantages of standard deviation ?


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Solution

Define standard deviation

Standard deviation is a measure of the amount of variation or spread of a set of values.

The main advantages of standard deviation are :

  1. The standard deviation value is always fixed and well defined.
  2. With the help of standard deviation, both mathematical and statistical analysis are possible.

The disadvantages of standard deviation are :

  1. It doesn't give you the full range of the data.
  2. It can be hard to calculate.

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