Commerce Exam > Commerce Videos > Statistics for Economics - Class XI > Mean Deviation - 1
Mean Deviation - 1 Video Lecture | Statistics for Economics - Class XI - Commerce
|
51 videos|41 docs|12 tests
|
FAQs on Mean Deviation - 1 Video Lecture - Statistics for Economics - Class XI - Commerce
| 1. What is mean deviation? |  |
Ans. Mean deviation is a statistical measure that calculates the average distance between each data point in a dataset and the mean of that dataset. It provides a measure of how spread out the data is around the mean.
| 2. How is mean deviation calculated? | |
Ans. Mean deviation is calculated by taking the absolute value of the difference between each data point and the mean, summing up these absolute differences, and then dividing by the total number of data points.
| 3. What is the difference between mean deviation and standard deviation? | |
Ans. The main difference between mean deviation and standard deviation is that mean deviation uses the absolute difference between each data point and the mean, while standard deviation uses the squared difference. This means that standard deviation gives more weight to extreme values, making it more sensitive to outliers compared to mean deviation.
| 4. What does a high mean deviation indicate? | |
Ans. A high mean deviation indicates that the data points in a dataset are spread out over a larger range and are farther away from the mean. This suggests that there is more variability or dispersion in the data.
| 5. How is mean deviation useful in data analysis? | |
Ans. Mean deviation provides a measure of the average variability or spread of data points around the mean. It helps in understanding the distribution of data and identifying any outliers or extreme values. Mean deviation is also used in various statistical tests and models to assess the accuracy or reliability of data.
About this Video
|
4.81/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Mean Deviation - 1 for Commerce 2024 is part of Statistics for Economics - Class XI preparation.
The notes and questions for Mean Deviation - 1 have been prepared according to the Commerce exam syllabus.
Information about Mean Deviation - 1 covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Mean Deviation - 1.
Introduction of Mean Deviation - 1 in English is available as part of our Statistics for Economics - Class XI for Commerce & Mean Deviation - 1 in
Hindi for Statistics for Economics - Class XI course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Mean Deviation - 1 Video Lecture | Statistics for Economics - Class XI - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Statistics for Economics - Class XI.
Information about Mean Deviation - 1
Here you can find the meaning of Mean Deviation - 1 defined & explained in the simplest way possible.
Besides explaining types of Mean Deviation - 1 theory, EduRev gives you an ample number of questions to practice Mean Deviation - 1 tests,
examples and also practice Commerce tests.
|
51 videos|41 docs|12 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,Viva Questions
,Exam
,mock tests for examination
,Important questions
,Free
,Mean Deviation - 1 Video Lecture | Statistics for Economics - Class XI - Commerce
,Objective type Questions
,Summary
,past year papers
,practice quizzes
,Sample Paper
,video lectures
,study material
,Semester Notes
,Extra Questions
,Mean Deviation - 1 Video Lecture | Statistics for Economics - Class XI - Commerce
,shortcuts and tricks
,Previous Year Questions with Solutions
,MCQs
,Mean Deviation - 1 Video Lecture | Statistics for Economics - Class XI - Commerce
;
Study Mean Deviation - 1 on the App
Students of Commerce can study Mean Deviation - 1 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Mean Deviation - 1,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Mean Deviation - 1 is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup