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Replies to post #66 on WD Gann

Replies to #66 on WD Gann

gitonwithit

05/31/09 11:18 PM

#67 RE: gitonwithit #66

I'll try this as soon as I get the chance, been more than 20 years since I took calculus...lol...I hated it too BTW because I knew that I knew so much that I would never need to know it lmao.

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Okay, because so many of you asked nicely...
Here is one formula for computing the standard deviation. A warning, this is for math geeks only! Writers and others seeking only a basic understanding of stats don't need to read any more in this chapter. Remember, a decent calculator and stats program will calculate this for you...

Terms you'll need to know
x = one value in your set of data
avg (x) = the mean (average) of all values x in your set of data
n = the number of values x in your set of data

For each value x, subtract the overall avg (x) from x, then multiply that result by itself (otherwise known as determining the square of that value). Sum up all those squared values. Then divide that result by (n-1). Got it? Then, there's one more step... find the square root of that last number. That's the standard deviation of your set of data.

Now, remember how I told you this was one way of computing this? Sometimes, you divide by (n) instead of (n-1). It's too complex to explain here. So don't try to go figuring out a standard deviation if you just learned about it on this page. Just be satisified that you've now got a grasp on the basic concept.