Standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data values. It indicates how much individual data points differ from the mean (average) of the dataset. A low standard deviation means that the data points are close to the mean, while a high standard deviation indicates that the data points are spread out over a wider range. It is calculated as the square root of the variance, which is the average of the squared differences between each data point and the mean. Standard deviation is widely used in fields like finance, science, and quality control to assess variability and risk. This is an Advanced MCQ on Standard Deviation with Answer Key. You can Download the Questions as PDF from the link provided in the results page.
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