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    Standard Deviation and the BETA Coefficient

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    Please define the concepts of Standard Deviation and the BETA Coefficient. Include examples of when each is necessary and how both are calculated.

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    Standard deviation is a calculation used to determine the distribution of different data points in a data set. Basically, it shows how far apart various numbers fare from the average of the entire group of numbers and how consistent these numbers are, which can indicate just how reliable the data is when drawing general conclusions. When calculating the standard deviation, most statisticians will use either a calculator or a computer program because it can be somewhat complicated. If one were to calculate standard deviation by hand, they would follow these ...

    Solution Summary

    This solution includes an explanation of standard deviation and the beta coefficient along with how and why each is used. The solution contains 398 words of text.