Business MathematicsNEB 2080 (old course)

Calculate the Mean Deviation from the mean of the following data: Bonus 10 15 20 25 30 : : : : : : : : : : : Frequency 5 4 4 4 3

5

Answer

Step 1: Compute the Mean ()

The mean is calculated using the formula: From the table: Thus,

Step 2: Compute Absolute Deviations from the Mean

Calculate for each value of :

Bonus ()
10
15
20
25
30

Step 3: Compute Weighted Absolute Deviations

Multiply each by its corresponding frequency ():

Frequency ()
9 5 45
4 4 16
1 4 4
6 4 24
11 3 33

Sum of weighted absolute deviations:

Step 4: Compute Mean Deviation

The mean deviation from the mean is given by: Substituting the values:

Final Answer: The mean deviation from the mean is 6.1.

Discussion

Loading…

More Business Mathematics questions

All Business Mathematics old questions