The document discusses standard deviation and how to calculate it in Python. It begins by reviewing the arithmetic mean and defining standard deviation as a measure of how spread out numbers are from the average value. It then provides the formula for calculating standard deviation. The remainder of the document demonstrates how to write Python code to calculate standard deviation for a sample list of numbers by first finding the average, then calculating the squared distance from the average for each value and averaging those distances, and finally taking the square root of the result.