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

Find the mean and standard deviation, Problem : A company supplying ele...

Problem : A company supplying electrical products, places a rush order for electric wires. Consignments of wires are to be sent immediately when they are available. Previous

Evaluate the p - value, Use the given information to find the P-value. T...

Use the given information to find the P-value. The test statistic in a two-tailed test is z = 1.49 P-value = (round to four decimal places as needed)

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

Regression model, Using a random sample of 670 individuals for the populati...

Using a random sample of 670 individuals for the population of people in the workforce in 1976, we want to estimate the impact of education on wages. Let wage denote hourly wage in

Discriminant analysis, Discriminant analysis (DA) helps to determine which ...

Discriminant analysis (DA) helps to determine which variables discriminate between two or more naturally occurring groups. Mathematically equivalent to MANOVA, it ' is extensively

Time series, what is the use of applied statistic in our daily routin life

what is the use of applied statistic in our daily routin life

Calculate the current ratio and quick ratio, You were recently hired by E&T...

You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance.  E&T Boats, Inc. builds and sells boats to o

Data reduction, The PCA is amongst the oldest of the multivariate statistic...

The PCA is amongst the oldest of the multivariate statistical methods of data reduction. It is a technique for simplifying a dataset, by reducing multidimensional datasets to lower

HLT 362, What is an interaction? Describe an example and identify the varia...

What is an interaction? Describe an example and identify the variables within your population (work, social, academic, etc.) for which you might expect interactions?

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