Calculation for discrete series or ungrouped data , Applied Statistics

Assignment Help:

Calculation for Discrete Series or Ungrouped Data

The formula for computing mean is 1931_arithmetic mean.png = 421_discrete series.png

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

8

240

240

192

175

248

Total

50

1095

 

The arithmetic mean is

592_discrete series1.png

Thus, the average profit of the chemical industry is Rs.21.90 lakh


Related Discussions:- Calculation for discrete series or ungrouped data

Question with R - Bioinformatics, Hi There, I have a question regarding R,...

Hi There, I have a question regarding R, and I am wondering if anyone can help me. Here is a code that I would like to understand: squareFunc g f(x)^2 } return(g) } sin

Calculate the line of best fit, The manager of Pizza Hut provides a deliver...

The manager of Pizza Hut provides a delivery service for customers who telephone in an order. The manager would like to give callers an idea of the time it will take to deliver an

Determine relative frequency, A sample of college students and a separate s...

A sample of college students and a separate sample of adults aged 30-59 were surveyed regarding the amount of fruit they eat each day.  The results are shown in the histograms belo

Mode, Mode Mode is the value of the observation which occurs with the  ...

Mode Mode is the value of the observation which occurs with the   greatest  frequency and thus  it is the most fashionable value, Mode has been derived from French  word  La  m

Convenience sampling, Convenience Sampling It means a convenient sample...

Convenience Sampling It means a convenient sample is obtained by selecting convents units from the universe. Convenient sample is also known as chunk. It   means a fraction of

Find the conditional distribution of turning diameter, 1. Assume the random...

1. Assume the random vector (Trunk Space, Length, Turning diameter) of Japanese car is normally distributed and the unbiased estimators for its mean and variance are the truth. For

Determine maximum process variability, You are attempting to purchase ...

You are attempting to purchase a part from a specialty vendor. Your company requires a C p of at least 1.67 on a critical dimension of the part. The dimensional specific

Simple linear regression, For each of the following situations choose the s...

For each of the following situations choose the statistical model that you find to be the most appropriate. Justify your choice. a) We are interested in assessing the effects of

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd