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Standard Variance
Message
From
03/02/2003 19:36:41
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivia
 
 
To
03/02/2003 19:29:24
General information
Forum:
Visual FoxPro
Category:
Coding, syntax & commands
Miscellaneous
Thread ID:
00748661
Message ID:
00748703
Views:
21
>When I tried this in Fox, I got .99 which is the correct standard deviation.
>So what is wrong with Excel? The STDEV function is actually an approximation of standard deviation which is designed for speed. For a "precise" version use STDEVP.
>
>If you have some free time here is the math:
>
>First calculate the average:
>=4.625
>
>Then for each value subtract the average and square it:
>0.390625 = (4-4.625)^2
>0.140625
>0.390625
>1.890625
>2.640625
>0.140625
>1.890625
>0.390625
>
>Finally total these values and square root them.

The Excel help gives different math, but I think the result should be the same. I understand, however, that the difference between the two versions is not "for speed", but to account for the fact that you are working only with a sample of a total population (and want to extrapolate the standard deviation for the entire population), vs., you have data for the entire population you are analyzing.

Hilmar.
Difference in opinions hath cost many millions of lives: for instance, whether flesh be bread, or bread be flesh; whether whistling be a vice or a virtue; whether it be better to kiss a post, or throw it into the fire... (from Gulliver's Travels)
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