Statistics: an easy estimate of the standard deviation
Tutoring statistics, I’m happy to add this method to my repertoire. The tutor brings forth a shortcut for finding the standard deviation.
According to my source listed below, the standard deviation (σ) can be estimated as follows:
The range is defined as the greatest-least values of the data set.
The reasoning behind the estimate is that, with a normal distribution, 99.7% of the data lies between µ-3σ and µ+3σ, µ being the mean, or center point, of the data. (µ+3σ) – (µ-3σ)=µ+3σ-µ+3σ=6σ, but also equals the range. Since the range equals 6σ, σ=range/6.
In my next article, I’ll compare the standard deviation computed from the proper formula to what you get from the estimate above. I’m as curious as you are:)
Source:
Zimmer, Cooke, et.al. Mathematics of Data Management. Toronto: Nelson, 2003.
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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