Deviation measures, Applied Statistics

Assignment Help:

Deviation Measures

The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest.

One way to have a dispersion measure that takes into account every data point is to use deviations. Deviation means difference. We can find the average of the deviations of the data points from a fixed value.

794_deviation measures.png

AP    = deviation of A from P

BP    = deviation of B from P

CP    = deviation of C from P

We can find average deviation of a set of observations from any fixed number.


Related Discussions:- Deviation measures

Calculate the frequency distribution, The Neatee Eatee Hamburger Joint spec...

The Neatee Eatee Hamburger Joint specializes in soyabean burgers. Customers arrive according to the following inter - arrival times between 11.00 am and 2.00 pm: Interval-arriva

Type of variable in regression analysis, Type of Variable in Regression Ana...

Type of Variable in Regression Analysis There are two types of variable in regression analysis. These are: a.      Dependent variable b.      Independent variable

Evaluate gross reproduction rate, Evaluate Gross Reproduction Rate: Fr...

Evaluate Gross Reproduction Rate: From the data given below compute : i)   General  Fertility  Rate ii)  Specific  Fertility  Rate iii)  Total  Fertility  Rate iv)

Types of cost-reimbursable contracts, Types of cost-reimbursable contracts ...

Types of cost-reimbursable contracts are:   Cost Plus Fixed Fee contract (CPPF): Compensation is based on a fixed sum independent of the final project cost. The customer a

Variance, Variance The term variance was used to describe the square of...

Variance The term variance was used to describe the square of the standard deviation by R.A.Fisher. The concept of variance is highly important in areas where it is possible to

Heteroskedastic-consistent standard errors, The following table shows the r...

The following table shows the results of fitting a linear regression model of starting annual salaries on a constant, GPA (4 point scale), and a variable (Metrics =1) indicating wh

Admissibility, Admissibility A very common concept which is applicable ...

Admissibility A very common concept which is applicable to any procedure of the statistical inference. The underlying notion is that the procedure/method is admissible if and o

Physics, fixed capacitor and variable capacitor

fixed capacitor and variable capacitor

Combined standard deviation, How to a calculate the combined standard devia...

How to a calculate the combined standard deviation for five groups (samples)?

Accelerated failure time model, Accelerated Failure Time Model A basic m...

Accelerated Failure Time Model A basic model for the data comprising of survival times, in which the explanatory variables measured on an individual are supposed to act multipli

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd