Use when your data is a sample of a larger population. Divides by n-1 (Bessel's correction) to give an unbiased estimate.
s = √[Σ(xᵢ - x̄)² / (n - 1)]
Use when your data represents the entire population. Divides by n.
σ = √[Σ(xᵢ - μ)² / N]
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