what is sigma
and value of it
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Sigma is a measurement of variability, which is defined by the Investor Words website as "the range of possible outcomes of a given situation."
To calculate the standard deviation of those numbers:
Work out the Mean (the simple average of the numbers)
Then for each number: subtract the Mean and square the result.
Then work out the mean of those squared differences.
Take the square root of that and we are done!
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Sigma means sum of all things in a given table.
Eg if x = 3,5,7,8,1
Then Sigma x = 3+5+7+8+1
Eg if x = 3,5,7,8,1
Then Sigma x = 3+5+7+8+1
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