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In this session, we’ll investigate another common numerical summary, the mean. We’ll also learn several ways to describe the degree of variation in data, based on how much the data values vary from the mean. See Note 1.
You will need to have these materials in hand before you begin:
In this session, you will do the following:
Previously Introduced:
New in This Session:
allocation
deviation from the mean
equal-shares allocation
mean
mean absolute deviation (MAD)
standard deviation
variance