In the past decade, “data science” has become a buzzword. Companies in every industry are hiring data scientists to make sense of their massive amounts of data. Read on to hear how Casey Herron — a data …
I am sometimes asked, "why doesn't the PayScale Salary Report and Research Center show the standard deviation of the data? (See Wikipedia for the (useless) mathematical definition of standard deviation.)
People are are interested in the standard deviation, because it attempts to give the typical variation in salaries. The first thing they calculate with it is a typical range of salaries, by simply adding and subtracting it from the mean.