If differences produce a total of 3.2 across 10 deviations, what is the average absolute deviation?

Prepare for the Statistics, Modeling and Finance Exam. Leverage flashcards and multiple choice questions with detailed explanations. Achieve exam success!

To find the average absolute deviation, you start with the total of the absolute differences, which is given as 3.2. This total must then be divided by the number of deviations, which in this case is 10.

The formula for the average absolute deviation is:

Average Absolute Deviation = Total of Absolute Deviations / Number of Deviations

Plugging in the values:

Average Absolute Deviation = 3.2 / 10 = 0.32

This calculation shows that the average absolute deviation is indeed 0.32, confirming that the choice indicating this answer is correct. Understanding this concept is crucial, as it allows for a clearer grasp of data dispersion and variability, both key components in statistical analysis.

Other options like 0.032, 0.34, and 0.36 do not represent this correct computation and hence are not the correct answer.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy