Step 1: Understanding the Concept:
Standard deviation is a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean, while a high standard deviation indicates that the values are spread out over a wider range. Step 2: Key Formula or Approach:
1. Calculate the mean (\(\mu\)) of the data set.
2. Calculate the variance (\(\sigma^2\)), which is the average of the squared differences from the Mean. The formula for the variance of a population is \(\sigma^2 = \frac{\sum_{i=1}^{N}(x_i - \mu)^2}{N}\).
3. The standard deviation (\(\sigma\)) is the square root of the variance. Step 3: Detailed Explanation:
The data set is \(\{-3, 0, 3, 8\}\). There are N=4 data points.
1. Calculate the mean (\(\mu\)).
\[ \mu = \frac{-3 + 0 + 3 + 8}{4} = \frac{8}{4} = 2 \]
2. Calculate the variance (\(\sigma^2\)).
We find the squared difference of each data point from the mean:
\( (-3 - 2)^2 = (-5)^2 = 25 \)
\( (0 - 2)^2 = (-2)^2 = 4 \)
\( (3 - 2)^2 = (1)^2 = 1 \)
\( (8 - 2)^2 = (6)^2 = 36 \)
The sum of these squared differences is:
\[ \sum(x_i - \mu)^2 = 25 + 4 + 1 + 36 = 66 \]
The variance is the sum divided by the number of data points:
\[ \sigma^2 = \frac{66}{4} \]
3. Calculate the standard deviation (\(\sigma\)).
The standard deviation is the square root of the variance:
\[ \sigma = \sqrt{\frac{66}{4}} = \frac{\sqrt{66}}{\sqrt{4}} = \frac{\sqrt{66}}{2} \]
Step 4: Final Answer:
The standard deviation is \(\frac{\sqrt{66}}{2}\).