Learn the difference between the standard error of the mean and the standard deviation and how each is used in statistics and finance.

How to calculate Standard Deviation in Excel The Standard Deviation is a term used in statistics. The term describes how much the numbers if a set of data vary from the mean.

Pooled standard deviation is a useful tool when analyzing data sets. It is especially helpful when you’ve taken the time to properly weigh your standard deviations so everything is in balance.

The technical definition of standard deviation is somewhat complicated. First, for each data value, find out how far the value is from the mean by taking the difference of the value and the mean.