Mean Absolute Deviation (MAD)is the Average of the Squared Deviations

question 59

True/False

Mean absolute deviation (MAD)is the average of the squared deviations.

---

Definitions:

Trade-In Allowance

The credit a buyer receives for turning in an older item (such as a car) when purchasing a new one, reducing the out-of-pocket cost of the new purchase.

List Price

The official selling price of a product or service before any discounts are applied.

Boot

Additional value or cash added to a transaction to even out an exchange or transfer of assets.

Fixed Asset

A fixed asset is a long-term tangible piece of property or equipment that a company owns and uses in its operations to generate income, not easily converted into cash.