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Calculating the standard deviation and T-Value against that data set results in a realistic range against the historic data.
Calculating standard deviation manually can be time-consuming and complex. Excel's STDEV formula can automatically calculate the standard deviation of any set of numbers, so you don't have to go ...
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Pooled Standard Deviation: How Do You Calculate It? - MSN
Pooled standard deviation is a useful tool when analyzing data sets. It is especially helpful when you’ve taken the time to properly weigh your standard deviations so everything is in balance.
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