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Used when your data represents a sample taken from a broader population.
Used when your dataset represents the entire complete population.
| i | xᵢ | (xᵢ - μ) | (xᵢ - μ)² |
|---|---|---|---|
| 1 | 10 | -8.0000 | 64.0000 |
| 2 | 12 | -6.0000 | 36.0000 |
| 3 | 23 | +5.0000 | 25.0000 |
| 4 | 23 | +5.0000 | 25.0000 |
| 5 | 16 | -2.0000 | 4.0000 |
| 6 | 23 | +5.0000 | 25.0000 |
| 7 | 21 | +3.0000 | 9.0000 |
| 8 | 16 | -2.0000 | 4.0000 |