Population σ = 2, mean = 5. The margin of error around the mean is +/-1.4816.
Standard deviation measures spread: roughly how far the values sit from the mean on average.
Use population σ (divide by N) when you have every member of the group; use sample s (divide by N-1, Bessel's correction) when your data is a sample drawn from a larger population. The coefficient of variation is 40.0%, indicating high relative spread.
In a normal distribution, about 68% of values fall within 1 SD of the mean (3 to 7), 95% within 2 SD, and 99.7% within 3 SD.
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