calculate the standard deviation for the following:
5,8,7,11,14
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Mean = sum of values / N (number of values in set)
Variance = ((n1- Mean)2 + ... nn- Mean)2) / N-1 (number of values in set - 1)
Standard Deviation σ = √Variance
Population Standard Deviation = use N in the Variance denominator if you have the full data set. The reason 1 is subtracted from standard variance measures in the earlier formula is to widen the range to "correct" for the fact you are using only an incomplete sample of a broader data set.
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