Standard deviation of a random variable
The standard deviation of a random variable, sigma-X, is the typical distance of its values from the mean mu-X over the long run.
The standard deviation of a random variable measures typical distance from the mean, weighting every squared deviation by its probability: (sigma-X). Take defect counts 0, 1, and 2 with probabilities , , and , which have mean (mu-X, the mean of X). The weighted squared deviations are , , and , and they sum to the variance . Taking the square root gives defects.
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