Naresh,
Labview 6.1 as a Point by Point Standard Deviation.vi. as the mean changes point by point labview keeps the values of the sum of each data point, the sum of the squares of each data point and the number of points as scalar values. It then calculate the mean, and standard deviation based on these scalar values. if you have LabVIEW 6.1 you can actually take a look at the diagram yourself.
Regards,
Cyril Bouton
Applications Engineer
National Instruments.
Cyril Bouton
Active LabVIEW Developper