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1:47
YouTube
One Minute Economics
The Standard Deviation (and Variance) Explained in One Minute: From Concept to Definition & Formulas
Just hearing the words "standard deviation" or the word "variance" makes a lot of people look the other way because they're tempted to think a discussion involving statistical mumbo-jumbo will follow. Fortunately though, understanding the standard deviation is pretty easy if you meaningfully comprehend what the concept is all about rather than ...
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