Mean:
x̄ = \(\frac{Σfx}{n}\)= \(\frac{960}{16}\) = 60 TV sets
Mean deviation of monthly sales of TV sets:
MD = \(\frac{Σf|x−\bar x|}{n}=\frac
{240}{16}\) = 15 TV sets
Coefficient of Mean deviation of monthly sales of TV sets:
Coefficient of mean deviation = MDx¯=1560 = 0.25