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

Descriptive statistics for every stock, Simple Linear Regression One ca...

Simple Linear Regression One calculate of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over

Mode, Mode The mode is the value which occurs most frequ...

Mode The mode is the value which occurs most frequently in a set of observations on the point of maximum frequency and around which other items of the set cluste

Cartogram or mapograph, Cartogram or Mapograph:   Statistical maps are a...

Cartogram or Mapograph:   Statistical maps are also used to represent data like density of population indifferent states in the country or different countries in the world or th

Poisson distribution, Poisson Distribution The poisson Distribution  wa...

Poisson Distribution The poisson Distribution  was discovered  by French mathematician simon  denis  poisson. It is a discrete probability distribution. Meaning : In bi

Test for equality of two means, Let X 1  and X 2  be two independent po...

Let X 1  and X 2  be two independent populations with population means μ 1  and  μ 2  respectively. Two samples are taken, one from each population, of sizes n 1  and n 2  re

Accelerated failure time model, Accelerated Failure Time Model A basic m...

Accelerated Failure Time Model A basic model for the data comprising of survival times, in which the explanatory variables measured on an individual are supposed to act multipli

Histogram, Histogram: It is generally used for charting continuous fre...

Histogram: It is generally used for charting continuous frequency   distribution. In histogram, data are plotted as a series  of rectangle one over the other. Class intervals

Characteristics of index number, Characteristics of Index Number  On th...

Characteristics of Index Number  On the analysis of various definitions of index number the following may be its characteristics: 1.      Expressed in Number : Index number

Normal curve applications, Replacement times for TV sets are normally distr...

Replacement times for TV sets are normally distributed with a mean of 8.2 years and a standard deviation of 1.1 years. Find the replacement time that separates the top 20% from the

Comparison of the principal averages-mean, Comparison of the Principal Aver...

Comparison of the Principal Averages-Mean, Median and Mode The mean, median, and mode are located at the same point in a symmetrical frequency distri

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