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Calculation for Discrete Series or Ungrouped Data
where,
f = frequency
X = variable
In a survey of 50 chemical industries, the following data was collected about the level of profits attained by them:
Xi = Level of profit (Rs. lakh) earned during 20x1-x2
fi = No. of companies that earned Xi amount of profit
Xifi
20
16
24
25
31
12
15
8
7
240
192
175
248
Total
50
1095
The arithmetic mean is
Thus, the average profit of the chemical industry is Rs.21.90 lakh
what the purpose we use it
how to analyzePractice-Based Evidence Back to the Future
Year Production 2006 8 2007 6 2008 10 2009 12 2010 11 2011 15 2012 14 2013 16 Determine the trend from data given above?
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