Step 1: Understanding the Concept:
The sum of deviations from the mean is always zero. This is a fundamental property of the arithmetic mean.
Step 2: Key Formula or Approach:
The mean of the observations is:
\[
\bar{x} = \frac{3 + 4 + 5 + 6 + 7}{5} = \frac{25}{5} = 5
\]
The deviations are:
\[
3 - 5 = -2, \quad 4 - 5 = -1, \quad 5 - 5 = 0, \quad 6 - 5 = 1, \quad 7 - 5 = 2
\]
Sum of deviations:
\[
-2 - 1 + 0 + 1 + 2 = 0
\]
Step 3: Final Answer:
Therefore, option (A) is correct.