I'm trying to reverse engineer a spreadsheet I got from a guy I know but am out of contact with. It consists of a data set of numbers for prices of highs and lows over a period of years. I am trying to find out how he arrived at what is labeled in his spreadsheet "Dev". I assume that means Deviation or maybe Standard Deviation.
5 numbers one for each year for the high price;
71.83 ... 81.06 ... 85.56 ... 91.34 ... 94.19
5 numbers one for each year for the low price;
62.27 ... 64.69 ... 74.28 ... 76.95 ... 82.09
Then he calculated the average or I think the mean(?) by using this formula for both the high and the low;
The actual average or mean for both were;
Now this is where I am having difficulty. He calculated "Dev" in his spreadsheet by subtracting the high and low and dividing. The formula is; =SUM(K4-L4)/6 which came out to be 2.12.
My question is where did the 6 come from in the formula above? Is it something to do with the Standard Deviation formula? There are only 5 numbers in each set listed so I am having a hard time figuring where the dividing by 6 comes from?
Thanks for your help.