Relative frequency definition, Mathematics

Assignment Help:

Relative Frequency 

This type of probability requires us to make some qualifications. We define probability of event A, occurring as the proportion of times A occurs, if we repeat the experiment several times under the same or similar conditions.

 

Example 

Consider the following distribution of salaries in a finance company for February, 2002.

Salaries (Rs.)

Frequency

Relative Frequency (%)


  2,000 -   5,000

 2

4%

  5,000 -   8,000

11

22%

  8,000 - 11,000

18

36%

11,000 - 14,000

10

20%

14,000 - 17,000

 7

14%

17,000 - 20,000

 2

4%

 

50

100%

For a subsequent month the salaries are likely to have the same distributions unless employees leave or have their salaries raised, or new people join. Hence we have the following probabilities obtained from the above relative frequencies.

Salaries (Rs.)

Probability

  2,000 -   5,000

4%

  5,000 -   8,000

22%

  8,000 - 11,000

36%

11,000 - 14,000

20%

14,000 - 17,000

14%

17,000 - 20,000

4%

 

100%

These probabilities give the chance that an employee chosen at random will be in a particular salary class. For example, the probability of an employee's salary being Rs.5,000 - Rs.8,000 is 22%.


Related Discussions:- Relative frequency definition

Original price of the mittens was $10 what is the new price, A pair of mitt...

A pair of mittens has been discounted 12.5%. The original price of the mittens was $10. What is the new price? Find 12.5% of $10 and subtract it from $10. Find out 12.5% of $10

Relation is not a function, The following relation is not a function.   ...

The following relation is not a function.                   {(6,10) ( -7, 3)  (0, 4)  (6, -4)} Solution Don't worry regarding where this relation came from.  It is only on

Explain linear equations, Explain Linear Equations ? Set of ordered pai...

Explain Linear Equations ? Set of ordered pairs of numbers A set is an undefined term and we describe it as a "well defined" collection. We use the symbol "{ }" to denote "a se

If a sequence is bounded and monotonic then it is convergent, Theorem ...

Theorem If {a n } is bounded and monotonic then { a n } is convergent.  Be cautious to not misuse this theorem.  It does not state that if a sequence is not bounded and/or

Algebra 1, the equation of a line that passes through (-3,4) and is perpend...

the equation of a line that passes through (-3,4) and is perpendicular to the line y= -3x + 1 Also Graph the inequality: -3x + y And Use -4.9t(4.9t) + 10t + 1.5 to create a fu

Green''s funtion., show that the green''s function for x"=0,x(1)=0,x''(0)+x...

show that the green''s function for x"=0,x(1)=0,x''(0)+x''(1)=0 is G(t,s)=1-s

Calculus, sin(xy)+x=5y Find the derivative.

sin(xy)+x=5y Find the derivative.

Linear algebra, i have question like proof, can you please help me on it?

i have question like proof, can you please help me on it?

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