Question
Give some differences between mean deviation and standard deviation.

Answer

Differences between mean deviation and standard deviation:
S. No.
Basis
Mean Deviation
Standard Deviation
1.
Meaning
Mean deviation is the sum of absolute deviations from an average divided by the number of items.
Standard deviation is the positive square root of the Sum of square of deviations of from their arithmetic mean divided by the sample size.
2.
Algebraic Signs
While calculating the deviations, 'plus' and 'minus' signs are not considered. Only the absolute value is considered.
While calculating the deviations, 'plus' and 'minus' signs are considered.
3.
Average Used
It can be computed from either mean or median.
It is always computed from mean.
4.
Algebraic Treatment
It is not capable of being treated algebraically.
It is capable of being treated algebraically.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Draw a diagram showing TVC in terms of the area under MC curve.
Prepare the frequency array of marks obtained by 25 students of a class in economics test 20, 15, 20, 30, 40, 25, 25, 30, 40, 20, 35, 35, 50, 15, 50, 25, 40, 40, 30, 50, 25, 30, 30, 15, 45.
State the concepts of increase and decrease in supply with the help of figures.
Wages of 50 workers are given. Present them in the form of exclusive frequency distribution with class interval as 45-55, 55-65, etc.
95, 92, 91, 90, 88, 82, 86, 87, 87, 88, 70, 72, 76, 77, 77, 79, 79, 79, 78, 78, 68, 67, 67, 66, 65, 63, 63, 63, 63, 64, 58, 59, 60, 60, 60, 60, 61, 62, 62, 62, 55, 55, 55, 56, 57, 54, 53, 52, 52, 50
Draw a scatter diagram and interpret whether the correlation is positive or negative.
X
4
5
6
7
8
9
10
11
12
13
14
15
Y
78
72
66
60
54
48
42
36
30
24
18
12
Enumerate the main objectives for computing an average.
Construct Index Number by Paasche’s method:
Commodity Year 2005 Year 2006
Price Quantity Price Quantity
A 2 8 4 6
B 5 10 6 5
C 4 14 5 10
D 2 19 2 13
The ranking of ten students in two subjects A and B are as below:
A
3
5
8
4
7
10
2
1
6
9
B
6
4
9
8
1
2
3
10
5
7
What is the coefficient of rank correlation?
Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is ₹ 12. Using marginal cost and marginal revenue approach, find out the level of equilibrium output. Give reasons for your answer:
Output (Units)123456
Average Cost (₹)1211101010.411