Standard Deviation of a probability distribution measures the distribution of data from the mean value. Probability distribution maps the probability of a variable within a particular range of values.

For Example: Suppose we toss a coin two times

All possible outcomes: HH, HT, TH, TT

Total number of outcomes = 4

Let a variable, X measures the number of heads in this experiment

Probability of n heads = (Outcomess with n heads)/ (Total number of outcomes)

Number of Heads Probability

(X) (Probability of n heads)

0 0.25

1 0.5

2 0.25

For a probability distribution, plot number of Heads(X) on the x-axis and the probability of n heads on the y-axis.

Range of values in this case = 0-2

Consider a data set with following value

2, 2, 4, 5, 3, 6, 13

Step 1: Count the number of elements in the data set

N = 7

Step 2: Find the mean or average of the data set

Arithmetic Mean (average) = (2 + 2 + 4 + 5 + 3 + 6 + 13)/7

= 35/7 = 5

Step 3: Subtract Mean from each element in the data set and square the result

(2 – 5) = -3 : (-3) ^ 2 = 9

(2 – 5) = -3 : (-3) ^ 2 = 9

(4 – 5) = -1 : (-1) ^ 2 = 1

(5 – 5) = 0 : (0) ^ 2 = 0

(3 – 5) = -2 : (-2) ^ 2 = 4

(6 – 5) = 1 : (1) ^ 2 = 1

(13 –5) = 8 : (8) ^ 2 = 64

For Sample Set

Step 4: Divide the sum of the resulting values with one less than the number of elements in the data set and find the square root

SD(Standard Deviation) = Sqrt ((9 + 9 + 1 + 0 + 4 + 1 + 64)/6)

= 3.82

Variance is the square of standard deviation = SD ^ 2 = 14.59

For Complete Set

Step 4: Divide the sum of the resulting values with the number of elements in the data set and find the square root

SD(Population Standard Deviation) = Sqrt ((9 + 9 + 1 + 0 + 4 + 1 + 64)/7)

= 3.54

Population variance is the square of standard deviation = SD ^ 2

= 12.25

Example of Sample Set: Sample voters in an exit poll

Example of Complete Set: Set of all the voters in an election

**Top 31 MBA Programs + Analysis of 24 Industries (United States)**We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of

**Top 31 MBA programs in the US.**

+ Industry Trends

+

+ Industry Trends

**Future of**Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).

**Pages: 327**

**Reviews**

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." -

**Verified Purchase (21st June 2017)**

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " -

**Verified Purchase (14th June 2017)**

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book."

**- Verified Purchase (15th June 2017)**

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." -

**Verified Purchase (2nd July 2017)**

Download How to Choose the Best MBA in US: The Ultimate Guide

(2018 Entering Class)

Download How to Choose the Best MBA in US: The Ultimate Guide

(2018 Entering Class)