The conversation between human and AI assistant.
What is difference between standard deviation and mean deviation?
Can you explain the difference between standard deviation and mean deviation?
Sure, I'd be happy to! Standard deviation is the measure of the amount of variation or dispersion of a set of values from its mean or average. Mean deviation, on the other hand, is the average of the absolute deviations of the values from the mean. So, while both are measures of dispersion, they're calculated differently.