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Unformatted text preview: Since the standard deviation represents how tightly the values are clustered around the mean, any outliers will not only affect the mean but how many values lie further away from the mean. On a side note, thank you for this link. It really broke the material down in terms that were easy to understand. This is the first time I have heard the standard deviation referred to as the “mean of the mean.” Sources: http://www.robertniles.com/stats/stdev.shtml...
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This note was uploaded on 03/26/2012 for the course STATISTIC GM533 taught by Professor Henry during the Fall '10 term at Keller Graduate School of Management.
- Fall '10