When you have the average production of three machines, it is easy to calculate the average or mean production. You just add ...

When reviewing cash flow data for your small business, knowing the standard deviation can help you determine if the numbers are out of whack. Calculating standard deviation manually can be ...

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Rate of return and standard deviation are two of the most useful statistical concepts in business. These two figures will tell you whether a business project is worth the investment and trouble, given ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...