The standard deviation is usually used
instead of the variance. It is simply
the square root of the variance:

The statistic is represented
by 's'. The corresponding process parameter
is called 'σ
'
('sigma').
The reason that the standard
deviation is usually preferred is because
it is in the same units as the original
data, not 'square units'.
The figure shows a number
of points, and a circle of one standard
deviation radius. The size of the circle
is independent of the scale or the dimensions
used. I can estimate the size of the standard
deviation just by looking at the points,
without any dimensions or calculation:

I cannot do the same thing
with the variance. The radius of the circle
depends on the dimensions used. To give
a practical example, compare the two calculations
below. They use exactly the same values,
but one is measured in centimeter units
and the other in millimeters:
Calculation |
Units |
Values |
Variance |
Standard
Deviation |
1 |
cm |
1 |
3 |
6 |
4 |
2 |
3.70 |
1.92 |
2 |
mm |
10 |
30 |
60 |
40 |
20 |
370 |
19.2 |
The standard deviation in
millimeters is ten times the standard
deviation in centimeters, it remains in
scale. However the variance is 100 times
as large, it is not to scale.
 |
The times taken to repair equipment
breakdowns, in hours, over the
past week were as follows:
What was the
standard deviation of the repair
time?
|
| |