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With that, Excel can generate a series of random numbers based on the data entered and the standard deviation. With this data you can then create a curved chart, known as a bell curve.
Determination There are several practical ways to calculate the mean and standard deviation. Scientific calculators typically come with a built-in program for both the mean and standard deviation.
Calculating an investment's standard deviation can help you determine how much its price may rise or fall in the future. Find the formula here.
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