Home/ Questions/Q 73275
Next
In Process

Quizzma Latest Questions

In:

What was the mean absolute deviation of the commissions? If the answer is a decimal, round it to the nearest ten cents mean absolute deviation MAD it should end only with words no

Quizzma Team

What was the mean absolute deviation of the commissions? If the answer is a decimal, round it to the nearest ten cents. mean absolute deviation (MAD): $




Share
    Leave an answer

    Leave an answer

    Browse

    What is the capital of Egypt? ( Cairo )

    1 Answer

    1. Quizzma Team

      To calculate the Mean Absolute Deviation (MAD) of commissions, follow these steps:

      1. Find the Mean: Add up all commission values and divide by the number of values.
      2. Calculate Deviations: Subtract the mean from each commission value to find the absolute deviations.
      3. Find the Mean of Deviations: Add up all the absolute deviations and divide by the number of values.

      Here’s a brief example assuming you have specific commission values. For instance, if your commissions are $100, $200, and $300:

      1. Mean: (100 + 200 + 300) / 3 = $200
      2. Deviations:

      – |100 – 200| = 100

      – |200 – 200| = 0

      – |300 – 200| = 100
      3. Absolute Deviations Mean: (100 + 0 + 100) / 3 = 66.67

      If this example does not apply to your data, you can use the same steps with your specific commission values to find the MAD. Round the final answer to the nearest ten cents.

      Let me know if you need any further assistance!

    Related Questions