Explain standard deviation and its importance to the statist
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Explain standard deviation and its importance to the statistical interpretation.
When presented with a correlation coefficient of .7, would you consider this a particularly strong relationship? Explain your answer
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The expert explains standard deviation and its importance to the statistical interpretation.
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Intuitively, standard deviation measures the distance of a series of numbers to the mean (i.e. how close are the numbers distributed). A low standard deviation indicates that the data points tend to be very close to the mean, whereas high standard deviation indicates that the data is spread out over a large range of values.
There isn't much of a conclusion given a 0.7 correlation ...
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