Question

Mathematical symbols are critical to the discipline of statistics. A symbol can help identify which distribution and what type of characteristic is being measured. The lower case Greek letter 'sigma' is which of the following?

Answer 1

Answer: sigma is used for measuring Population Standard Deviation.

Explanation:

The lower case Greek letter 'sigma' is denoted by the symbol (
`\sigma`).

This symbol indicates the Population Standard Deviation of the data. Standard deviation means how much variation or dispersion is there in our data. Squaring of standard deviation gives us Variance which is denoted by the symbol
`\sigma ^(2)` .

Formula for Population Standard deviation (
`\sigma`) is =
`\sqrt{(\sum (x_i-\mu )^(2))/(N)}` ,

where
`x_i` = each value from our list of data

`\mu` = Population mean of data

N = Number of observations in our data

Standard deviation can never be negative and it is very much sensitive to outliers in our data.