"Monaco is always a key moment in the calendar for us because of the links to gaming and the proximity to our own event – our annual European Poker Tour Monte Carlo. "Outside of obviously being the epicentre of poker, casino and sports betting, the GP in Vegas pairs perfectly with our approach to our community. "There’s no doubt Las Vegas is the race of the season this year, it’s been on every F1 fan's lips since it was announced," Rebecca McAdam Willetts, Director, Partnerships, Public Relations & Consumer Engagement at PokerStars told Reuters. From McLaren partners Hilton to Red Bull sponsor PokerStars everyone wants in on the Las Vegas F1 action, tying their businesses to the glamour sport's most glamorous event through local activations and a massive global television audience.
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The important thing to remember, however, is that, in general, the MAD and the standard deviation will NOT be equal. the variance is easier to work with than the MAD-though the exact reasons why this is true is beyond the scope of the video). However, statisticians usually prefer the variance/standard deviation versus the MAD because the MAD is not as "mathematically tractable" as the variance (i.e. Just as there are different "measures of central tendency" of a set of observations (such as mean, median, mode, etc.) there are also different "measures of dispersion" (besides the MAD and standard deviation, another common "measure of dispersion" is the "Interquartile Range"). In fact, what you're describing sounds like what statisticians usually call the "Mean Absolute Deviation", or "MAD", for short (other names sometimes used are the "average deviation" or "mean deviation"). You're right-we could instead take the absolute value. |
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