Crossword Genius

Standard deviation, drink in place (5)

Ross

I believe the answer is:

stead

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'place' is the definition.
(synonyms)

'standard deviation drink in' is the wordplay.
'standard deviation' becomes 'sd' (this could be a standard abbreviation I've not previously seen).
'drink' becomes 'tea' (tea is a drink).
'in' is an insertion indicator.
'sd' placed around 'tea' is 'STEAD'.

Can you help me to learn more?

(Another definition for stead that I've seen is " Place, function or role of another".)

I've seen this clue in the Sydney Morning Herald.
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