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Business Statistics
book

Business Statistics

by Bajpai
April 2024
Intermediate to advanced
824 pages
36h 45m
English
Pearson India
Content preview from Business Statistics
Chapter 3 | Measures of Central Tendency 91
Solution For computing the median, for a continuous frequency distribution we have to
compute cumulative frequencies as shown in Table 3.25.
TABLE 3.25
Computation of median for Example 3.15
Vacations availed Number of employees (f) Cumulative frequency (cf)
0–10 2 2
10–20 18 20
20–30 30 50
30–40 45 95
40–50 35 130
50–60 20 150
60–70 6 156
70-80 3 159
Sum
1
159
=
= =
å
n
i
i
f N
Here N = 159, which is an odd number.
2
=
N
159
79.5
2
=
, which falls in the class 30–40 (see the row of the cumulative
frequency 95 which contains 79.5). Hence the median class is 30–40.
l = lower limit of median class = 30
f = frequency of median ...
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Publisher Resources

ISBN: 9781282652507