Mean Absolute Deviation Calculator
Mean Absolute Deviation (MAD)
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Additional Information
Mean (x̄): -
Count (n): -
Understanding Mean Absolute Deviation
Mean Absolute Deviation (MAD) measures how far, on average, numbers in a dataset are from the mean. It's a crucial statistical measure that helps understand data spread and variability.
How to Calculate MAD
- Calculate the mean of all numbers
- Find the absolute difference between each number and the mean
- Calculate the average of these differences
Applications
MAD is widely used in:
- Financial analysis for risk assessment
- Quality control in manufacturing
- Scientific research for data variation analysis
- Educational assessment and grading