Standard deviation is a frequently used tool in quantitative market research. It is an indicator that helps determine how far apart given results are from each other. In other words, standard deviation expresses the degree of dispersion of data around the mean. Standard deviation is helpful in determining how far apart given results are. For example, if the given results are close to the mean, the standard deviation will be low. However, if the results are very far apart, the standard deviation will be higher. This means that the standard deviation can help assess how much the given results differ from each other. For example, if a company wants to assess how the prices of a certain product vary in different regions, it can use the standard deviation. The standard deviation will help a company determine whether prices are close together or far apart.
Standard deviation is also often used in qualitative research. For example, a company can use standard deviation to assess how much a given score differs among different groups. For example, a company might compare results for age groups and determine whether results differ between groups. In general, standard deviation is helpful in determining how far apart given results are. It is a frequently used tool in quantitative market research and qualitative studies. A company can use the standard deviation to compare results between different groups and determine whether the results are close together or far apart.