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A Company Has the Information Shown in the Chart Below

question 20

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A company has the information shown in the chart below regarding its forecast performance in the past three periods. A company has the information shown in the chart below regarding its forecast performance in the past three periods.   What is the mean absolute deviation (MAD) ? A) 200 B) 225 C) -66.67 D) 1200 What is the mean absolute deviation (MAD) ?


Definitions:

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.

Sample Proportion

A statistic that estimates the fraction of the total population that exhibits a specific attribute, calculated from a sample.

Standard Error

A statistical measure that estimates the accuracy with which a sample distribution represents a population by using standard deviation.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.

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