How do you interpret standard deviation?
A low standard deviation indicates that the data points tend to be very close to the mean; a high standard deviation indicates that the data points are spread out over a large range of values. A useful property of standard deviation is that, unlike variance, it is expressed in the same units as the data.
How are mean and median related?
The “mean” is the “average” you’re used to, where you add up all the numbers and then divide by the number of numbers. The “median” is the “middle” value in the list of numbers. If no number in the list is repeated, then there is no mode for the list.
Can standard deviation be greater than mean?
The answer is yes. (1) Both the population or sample MEAN can be negative or non-negative while the SD must be a non-negative real number. A smaller standard deviation indicates that more of the data is clustered about the mean while A larger one indicates the data are more spread out.