What Does Standard Deviation Mean?

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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.

Standard Deviation

Standard Deviation

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.

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