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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
discuss the advantages and disadvantages of measures of dispersions
10. If a set of scores has a sample mean of 25 and a sample variance of 4, find the following: a. the z-score for a raw score of 31 b. the z-score for a raw score of 18 c. the raw
simplified formulae
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