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Essay

Practical Applications of Statistics

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Issue:

Miscellaneous

 

Written by:

Charlie T

 

Date added:

October 31, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 891

 

Was viewed:

10121 times

 

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Essay content:

It gives a precise measure of the amount of variation in any group of numbers. One practical use of standard deviation is to measure risk of investing in mutual funds or other investment products. It can also be used for a number of different purposes in investment decision-making. As a measure of volatility, standard deviation measures the tendency of data to be spread out...
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It can also be used for a number of different purposes in investment decision-making. As a measure of volatility, standard deviation measures the tendency of data to be spread out. When looking at the historic returns of a mutual fund, standard deviation can be used to measure the variation of expected return that has taken place in the past giving a sense of range of performance that can be expected given different probabilities of return for the future...
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