5.2.1.1.3 - Step Deviation Method
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Practice Questions
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What is the purpose of the Step Deviation Method?
💡 Hint: Think about why we use averages in large datasets.
Define what 'deviation' means in statistics.
💡 Hint: Recall how we calculate it from a value and the assumed mean.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the Step Deviation Method help to simplify?
💡 Hint: Consider what averages are.
True or False: The Step Deviation Method allows for large numerical figures to be directly utilized.
💡 Hint: Think about the concept of 'simplifying'.
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Challenge Problems
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You have the following incomes (Rs): 1500, 1700, 2000, and 2200. Calculate the mean using the Step Deviation Method assuming an average of 1800.
💡 Hint: Remember to use the formula to find the final average.
Analyze how the Step Deviation Method can help reduce the complexity of calculations in a market research study involving multiple product prices.
💡 Hint: Consider real product price examples for clarity.
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