STDEVP measures spread for an entire population, the population counterpart to the more commonly used STDEV.
STDEVP calculates standard deviation — how spread out values are from the average — assuming your data is the complete population, not a sample.
Standard deviation is just the square root of variance, so STDEVP relates to VARP exactly the way STDEV relates to VAR.
=STDEVP(number1, [number2], ...)| Argument | Description |
|---|---|
| number1 required | A number or range representing the entire population. |
| number2, ... optional | Additional numbers or ranges. |
=STDEVP(A2:A50)Appropriate only if A2:A50 truly is every employee, with nobody excluded.
=STDEV(A2:A50)If A2:A50 is a sample, STDEV is the correct choice and will return a slightly larger number than STDEVP on the same data.
=1.96*(STDEVP(A2:A50)/SQRT(50))Standard deviation feeds directly into confidence interval and margin of error calculations.
As with VARP, this is the most common mistake — most real-world data is a sample, where STDEV is correct.
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