Find the standard deviation of the following set of data and choose the best description for it: {67, 78, 230, 297, 301, 705, 1105, 1400} The small standard deviation means that the data values lie closer to the mean.
The large standard deviation means that the data values lie spread out from the mean.
The small standard deviation means all the data values are equal to the mean.
The large standard deviation means the data values are closer to the mean.