Thank you for the opportunity to help you with your question!
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
Please let me know if you need any clarification. I'm always happy to answer your questions.
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.