What does Standard Deviation mean? Read on to discover the definition & meaning of the term Standard Deviation - to help you better understand the language used in insurance policies.
A statistical term for measuring the expected degree of dispersion or variability among numbers in a group. For example, the standard deviation in the annual incomes of employees at a specific factory is lower than the standard deviation in the annual income of all U.S. workers.
We hope the you have a better understanding of the meaning of Standard Deviation.