Business Mathematics, Logical Reasoning and Statistics
Blood Relations
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Mean Deviation

Complete study guide with 4 practice questions, detailed explanations, and expert solutions for Mean Deviation in CA Foundation Business Mathematics, Logical Reasoning and Statistics.

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Study Notes: Mean Deviation

Free study material for CA Foundation Business Mathematics, Logical Reasoning and StatisticsBlood Relations

Mean deviation MD = Σ|xi - x̄|/n (deviations from mean) or Σ|xi - median|/n (from median). Median-based more robust. Example: {2, 4, 6, 8}. Mean = 5. |Deviations|: 3, 1, 1, 3. MD = 8/4 = 2. For grouped data: MD = Σ[f × |midpoint - x̄|]/n. Advantages: Considers all values; resistant to outliers. Disadvantages: Absolute values harder to work with; less common than variance. Coefficient of MD = MD/mean for comparison. Solving: Find deviations; take absolute values; average. Use median for robust version. Exam tip: Understand difference from variance (absolute vs squared). Use when outlier resistance important.

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