three difference between standard deviation and mean deviation - Economics - Measures of Dispersion

Question

three difference between standard deviation and mean
deviation

Vanita Rana · Accepted Answer

The following points highlight the difference between Mean
deviation and Standard deviation

Mean deviation

Standard
deviation

Mean deviation
is the arithmetic mean of the absolute values of deviations about
some point This point can be mean, median or mode

Standard
deviation is the measure of variability or dispersion of data from
its mean It shows how much variation exists from the
average

Less affected
by extreme values

Affected by
extreme values

Cannot be used
for further treatment

Can be used for
further treatment

Mean deviation	Standard deviation
Mean deviation is the arithmetic mean of the absolute values of deviations about some point. This point can be mean, median or mode.	Standard deviation is the measure of variability or dispersion of data from its mean. It shows how much variation exists from the average.
Less affected by extreme values.	Affected by extreme values.
Cannot be used for further treatment.	Can be used for further treatment.