N

The sample mean absolute deviation is defined analogously as the average of the absolute deviations of the sample observations from their mean.

Find the mean absolute deviation of the annual salaries of the shop-floor supervisory staff in Table 2.1.

The mean salary for these staff members is fL = $33,500

The calculations for the mean absolute deviation are set out in the table.

.t,

x¡- ¡1 = :t, - 33,500

I* ~ P1

34,500

1,000

1,000

30,700

-2,800

2,800

32,900

Was this article helpful?

0 0
Lessons From The Intelligent Investor

Lessons From The Intelligent Investor

If you're like a lot of people watching the recession unfold, you have likely started to look at your finances under a microscope. Perhaps you have started saving the annual savings rate by people has started to recover a bit.

Get My Free Ebook


Post a comment