Step 1: Understanding the Concept:
Mean Deviation is a measure of dispersion that shows the average distance of observations from a central value.
Step 2: Detailed Explanation:
Statement A:
MD is the average of absolute deviations (not just deviations) taken from a central value.
This statement is incomplete without "absolute" - so it is not fully correct.
Statement B:
MD is not affected much by extreme values (unlike standard deviation).
This is true.
Statement C:
Algebraic negative signs of the deviation are ignored (absolute values are used).
This is true.
Statement D:
MD is minimum when deviations are taken from the median.
This is true.
Statement E:
MD is the average of the absolute deviation taken from a central value.
This is the correct definition of mean deviation.
This statement is true.
Thus, statements B, C, D, and E are correct.
Step 3: Final Answer:
Thus, the correct answer is B, C, D and E only.
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