MAD Is the Summation of the Residuals Divided by the Sample

question 88

True/False

MAD is the summation of the residuals divided by the sample size.

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Definitions:

Probability

A measure of the likelihood that an event will occur, quantified between 0 (impossible) and 1 (certain).

Relative Frequency Histograms

Graphs that display the proportion or percentage of observations within each category/bin of the data.

Probability Histogram

A graphical representation that displays the probability distribution of a discrete variable.

Simple Events

Events in probability that consist of a single outcome and cannot be broken down further.