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data set of x= 45

and deviation of 12

in this particular question we can see that there is a lager diiference from the middle considering the Absolute deviation Absolute deviation= 45-u= 12

mean = 33. This implies a greater diffeence from the average mean

Data set of 84 Deviation of 20

this mean................ continuing please wait just a slight problem

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Sep 20th, 2015

Absolute deviation =

84- MEAN = -20

Absolute MEAN =104

The deviation in this particular case has a smaller figure meaning that the difference from the mean is very high , meaning its variance is more spread than the one with deviation of 12 . this can mean a lot in terms of risk in business , The deviation difference gives a good indication of the variability of annual returns and makes it easy to compare to other funds when combined with annual return data.

Its also important in assessing a viability of business investment strategies.

comment on the statement "the mean loss for customers at first state bank (which was not insured) was $150 the standard deviation of the losses was -125?

In this particular case, the variation between the deviation and mean is very high, meaning the customers had a very slight probability of losses in being loyal in that particular bank