Definitions
There is 1 meaning of the phrase
Mean Deviation.
Mean Deviation - as a noun
The arithmetic mean of the absolute values of deviations from the mean of a distribution
Synonyms (Exact Relations)
mean deviation from the meanExample Sentences
"The mean deviation is used in statistics to measure the average distance of data points from the mean."
"Calculating the mean deviation involves finding the absolute value of the difference between each data point and the mean, and then finding the average of these values."
"In finance, mean deviation is used as a measure of risk in determining the volatility of an investment portfolio."
"A low mean deviation indicates that the data points are generally close to the mean, while a high mean deviation suggests that the data is more dispersed."
"In quality control, mean deviation is used to assess the consistency and variation of production processes."
