Mean deviation, Applied Statistics

Assignment Help:

First Moment of Dispersion or Mean Deviation

Mean deviation or the average deviation is the measure if dispersion which   is based upon all the items in a variable .It is the arithmetic mean of the deviations of the values from a measure of central tendency   In the words of Clark and schkade average deviation is the average amount of scatter of items distribution from either mean or the median ignoring sings of the deviations.

Thus it is a measure obtained by calculating the absolute deviations of each observation from the media or the mean, taking all deviations as positive, and then averaging these decimations by taking their arithmetic mean. Mean deviation from arithmetic mean is also called first moment of dispersion.

The following process is adopted for its calculation:

(1)   Choice of Average : Theoretically mean deviation may be computed from any average mean or median or mode but in practice median and mean   are popular, of the two the use of median is better since sum of the deviations of observations is the least from median, as such unless specifically    nothing is given in the question median should be used.

(2)   Ignoring sings:  In its computation the algebraic sings of the deviations are ignored i.e. all the deviations are taken as positive. To indicate deviations are absolute and sings are ignored.

(3)   Mean of the Deviations:  The total of sum of the deviations is divided by the number of items, the quotient or the result is the mean deviation.

(4)   Formula: Mean deviation is expressed by the greek letter small delta as such.

(5)   Mean deviation from Mean

(6)   Mean deviation from Median

(7)   Mean deviation from Mode

Coefficient of Mean Deviation: The purpose of comparing variations or dispersal between two or more different sets of data a relative measure is computed using the following formula .

Coefficient of mean deviation from mean =x/x

Coefficient of mean deviation from median=m/m

Coefficient of mean deviation from mode= z/z


Related Discussions:- Mean deviation

QUARTILE DEVIATION, Examples of grouped, simple and frequency distribution ...

Examples of grouped, simple and frequency distribution data

Business statistics, Betting on sporting events is big business both in the...

Betting on sporting events is big business both in the US and abroad. Consider, for instance, next winter’s American football tournament known as the Superbowl. Billions of dollars

Harmonic mean, The Harmonic Mean is based on the reciprocals of numbers ave...

The Harmonic Mean is based on the reciprocals of numbers averaged. It is defined as the reciprocal of the arithmetic mean of the reciprocal of the given individual observations. Th

Methods of forecasting, Methods of Forecasting  Various techniques whic...

Methods of Forecasting  Various techniques which are generally used in business forecasting are as under: 1.      Forecasting  through the opinion of heads  of department

Histogram, Histogram: It is generally used for charting continuous fre...

Histogram: It is generally used for charting continuous frequency   distribution. In histogram, data are plotted as a series  of rectangle one over the other. Class intervals

Multiple correspondence analysis, Correspondence analysis is an exploratory...

Correspondence analysis is an exploratory technique used to analyze simple two-way and multi-way tables containing measures of correspondence between the rows and colulnns of an

Multi stage or cluster random sampling, Multi stage or Cluster Random sampl...

Multi stage or Cluster Random sampling  Under this method, the random selection is made of primary, intermediate and final units from a given population. The area of investigat

Find the backward induction equilibrium, A rightist incumbent (player I) an...

A rightist incumbent (player I) and a leftist challenger (player C) run for senate. Each candidate chooses among two possible political platforms: Left or Right. The rules of the g

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