I am performing fluorescence experiments using a ligand to detect metal ions. I want to determine the Lowest Detection Limit (LOD) using the formula LOD = 3σ / K. However, I'm uncertain about determining σ, the standard deviation. In my experiments, I varied the concentration of the ligand and measured the resulting fluorescence intensities. I then plotted these values to calculate the standard deviation. Could you please confirm if this approach is correct?