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Research Methodology in Acc & Fin. - Practical Problems

The document provides data on the monthly pocket money allowance of 100 students in different ranges from Rs. 800-1500. It calculates the arithmetic mean of the allowance. The mean allowance is Rs. 1,147. It also gives data on the number of students who scored within different marks ranges from 30-100. It calculates the median marks, which is 61.43. Finally, it provides hypothetical frequency data to illustrate that range is a crude measure of dispersion compared to standard deviation. It calculates the standard deviation from the given frequency distribution as 1.68745.

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Prince Sharma
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0% found this document useful (0 votes)
44 views

Research Methodology in Acc & Fin. - Practical Problems

The document provides data on the monthly pocket money allowance of 100 students in different ranges from Rs. 800-1500. It calculates the arithmetic mean of the allowance. The mean allowance is Rs. 1,147. It also gives data on the number of students who scored within different marks ranges from 30-100. It calculates the median marks, which is 61.43. Finally, it provides hypothetical frequency data to illustrate that range is a crude measure of dispersion compared to standard deviation. It calculates the standard deviation from the given frequency distribution as 1.68745.

Uploaded by

Prince Sharma
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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The monthly pocket money allowance of 100 students is given below.

Calculate the arithmetic mean.


Allowance 800- 900- 1000- 1100-
in Rs 900 1000
1200- 1300 1400 Total
1100 1200 1300 1400 1500
No. of
8 15 18 19
students 18 15 7 100
Solutio1
Allowance in No. of students Mid
Rs. value
800-900 8 850 6800
900-10000 15 950 14250
1000-1100 18 1050 18900
1100-1200 19 1150 21850
1200-1300 18 1250 22500
1300-1400 15 1350 20250
1400-1500 7 1450 10150
Total 100 114700

Here, the mid values of the class intervals are obtained as 900800
2
=
850, etc. We now get a discrete frequency distribution. x takingthe
values 850, 950, with corresponding
.....
frequencies 8, 15,.. For a
discrete frequency distribution,
114700 Rs. 1,147
100
Average allowance is Rs. 1,147.
Calculate the median marks from the
following data.
Marks 30-40 40-50 50-60 60-70 70-80 80-90 90-100
No. of students 5 15 25 35 15 3 2
Solution:
Marks No. of students Less than
cumulative frequency
30-40 5 5
40-50 15 20
50-60 25 45
60-70 35 80
70-80 15 95
80-90 3 98
90-100 2 100
Total 100
N 100
100, m =2 50.
80 is the first cumulative frequency greater than 50.
Therefore, the median lies in the class interval 60-70.
Here, 1 60, l2 =
70, c 45, f= 35 and m
= =
50.
M =1 + m(2-h)
50-45
M =
=60 + 35 (70-60)
5 (10)
60+25
=
60 +1.43 61.43
Median marks are 61.
following data:
Find mean and mode from the
Age in years 0-20 20-40 40-60 60-80 80-100
No. of persons 4 5 15 11 5

Solution:
Mid Value x
Age in Years | No. of Persons

0-20 4 10 40

20-40 5 30 150
40-60 15 50 750
60-80 11 70 770
80-100 5 90 450
Total 40 2160
(i) A. M
A. M.is given by x = fx
Ef
2160
X
40 54 years.
(ii) Mode:
Largest frequency
15 =

Modal frequency =fi = 15


Premodal frequency = fo = 5
Post modal frequency f2 11 = =

40- 60 is modal class


. h= 40, h 60 and mode is
=

given by
Z =h+hfo)(-1)
2f1- fo-f2
llustrate with hypothetical example that range is crude measure of
dispersion.
Solution:
Suppose following are the marks of 10 students out of 100.
9,92, 48, 49, 50, 51, 54, 50, 58, 54.
L= 92, S 9. =

Range =92-9= 83
L-S 92-9
Coefficient of Range T+S 92+9
83
101 0.821
Find mean deviation from A. M
Class Interval 20-40 40-60 60-80 80-100 100-120 120-140 Total

12 28 50 30 14 6 140
Frequency
Solution:
Class
Interval
20-40 12 30 360 43.42 521.04
40-60 28 50 1400 23.42 655.76
60-80 50 70 3500 3.42 171.00
80-100 30 90 2700 16.58 497.4
100-120 14 110 1540 36.58 512.12
120-140 6 130 780 56.58 339.48
Total 140
- | 10280 2696.8
A. M. is given by
10280 = 73.42
140

X 73.4
mean deviation about

f X-X
mean

2696.8
140
= 19.262
From the following frequency distribution, calculate the standard
deviation:
X 5 6 7 8 10
Frequency | 3 7 4 2|4
Solution:
X f fx fx2
5 3 15 75
6 7 42 252
7 4 28 196
8 2 16 128
10 4 40 400
20 141 1051
Standard Deviation is given by
fx x
V f -
1051
20
(141 2

= 52.55-49.7025
= 2.8475
= 1.68745

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