The document discusses standard deviation and variance in statistics. It defines standard deviation as a measure of how far data points are spread from the mean. A lower standard deviation indicates data points are close to the mean, while a higher standard deviation indicates data points are more spread out. It provides the formula for calculating standard deviation and explains the steps. Variance is defined as the average of the squared deviations from the mean and the formula is given. Grouped data and calculating variance from grouped data is also covered. Applications of standard deviation are listed.