Reference Entry

mean deviation

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
mean deviation

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In statistics, the *arithmetic mean of the deviations (all taken as positive numbers) of all the numbers in a set of numbers from their arithmetic mean. For example, the arithmetic mean of 5, 8, 9, and 10 is 8, and therefore the deviations from this mean are 3, 0, 1, and 2, giving a mean deviation of 1.5. ...

Reference Entry.  64 words. 

Subjects: Business and Management

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