Statistic indicating the degree of dispersion in a set of outcomes, computed as the arithmetic mean of the differences between each outcome and the average of all outcomes in the set.
| Insurance Dictionary: Standard Deviation or Variation |
Statistic indicating the degree of dispersion in a set of outcomes, computed as the arithmetic mean of the differences between each outcome and the average of all outcomes in the set.
| 5min Related Video: Standard Deviation or Variation |
| Loss Ratio Method (insurance term) | |
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