The Standard Deviation is ~0.707
Step by step:
1 2 2 4
- Identify the mean of the set as 2 
- Identify the deviation of each value in the set from the mean: 
1 0 0 1
- Square the deviation values 
1 0 0 1
- Identify the mean of the squared deviations as 0.5 
- Identify the square root of 0.5 as ~0.707