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Statistics For Economics-Mean

This document discusses measures of central tendency and calculating averages. It provides examples of calculating simple averages, weighted averages, and steps to calculate averages using direct, shortcut and step-deviation methods. It includes 9 questions as examples, such as calculating average marks, salaries, family incomes, prices using weighted averages.

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Mohd Kaif
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53 views

Statistics For Economics-Mean

This document discusses measures of central tendency and calculating averages. It provides examples of calculating simple averages, weighted averages, and steps to calculate averages using direct, shortcut and step-deviation methods. It includes 9 questions as examples, such as calculating average marks, salaries, family incomes, prices using weighted averages.

Uploaded by

Mohd Kaif
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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STATISTICS FOR ECONOMICS

CHAPTER -9

Measure of Central Tendency


Arithmetic Mean
Find arithmetic mean by
a. Direct Method
b.Short-cut
c. Step –deviation Method

QUESTION 1
X 30 29 28 27 26 25 24 23 22 21
F 2 4 5 3 2 7 1 4 5 7
QUESTION 2
X 15 20 22 23 27 35 18
F 8 4 7 3 8 7 5
QUESTION 3
X 20-25 25-30 30-35 35-40 40-45 45-50 50-55
F 10 12 8 20 11 4 5

QUESTION 4
X 5-15 15-25 25-35 35-45 45-55
F 10 12 17 19 22
Find arithmetic mean by
a. Direct Method
b.Short-cut
c. Step –deviation Method

QUESTION 1
X 30 29 28 27 26 25 24 23 22 21
F 2 4 5 3 2 7 1 4 5 7
QUESTION 2
X 15 20 22 23 27 35 18
F 8 4 7 3 8 7 5
QUESTION 3
X 20-25 25-30 30-35 35-40 40-45 45-50 50-55
F 10 12 8 20 11 4 5

QUESTION 4
X 5-15 15-25 25-35 35-45 45-55
F 10 12 17 19 22
Find arithmetic mean by
a. Direct Method
b.Short-cut
c. Step –deviation Method
Class Frequency
More than 75 150
More than 85 140
More than 95 115
More than 105 95
More than 115 70
More than 125 60
More than 135 40
More than 145 25
Find arithmetic mean by
a. Direct Method
b.Short-cut
c. Step –deviation Method
Class Frequency
10-19 8
20-29 9
30-39 12
40-49 11
50-59 6
Question 1
Mean arks obtained by a student in his five
subjects are 15. In English, he secured 8 marks,
in Economics 12, in Mathematics 18, and in
Commerce 9. Find out the marks he secured in
Statistics.

Answer: 28 marks
Question 2
Average pocket allowance of 6 students is Rs.
45. Of these, pocket allowance of students is
20, 30, 22, 24, 32 respectively. What is the
pocket allowance of the sixth student?

Answer: Rs. 142


Question 1
In a class of 50 students 10 have failed and their
average of marks is 2.5. The total marks secured by the
entire class were 281. Find the average marks those
who have passed.
Question 3
A train runs 25 miles at a speed of 30 mph, another 50
miles at a speed of 40 mph, then due to repairs of the
track travels for 6 minutes at a speed of 10 mph and
finally covers the remaining distance of 24 miles at a
speed of 24 mph. What is the average speed in miles
per hour?
Question 1
The mean monthly salary paid to 77 employees
in a company was Rs. 78. The mean salary of 32
of them was Rs. 45 and of the other 25 was Rs.
82. What was the mean salary of the remaining?
Question 2
The average marks of 39 students of a class is
50. The marks obtained by 40th student are 39
more than the average marks of all the 40
students. Find the mean marks of all the 40
students.
Question 3
A train runs 25 miles at a speed of 30 mph, another 50
miles at a speed of 40 mph, then due to repairs of the
track travels for 6 minutes at a speed of 10 mph and
finally covers the remaining distance of 24 miles at a
speed of 24 mph. What is the average speed in miles
per hour?
Question 4
Marks 10 20 30 40 50 60
No of 5 2 3 8 4 3
Students
Calculate simple mean (from short cut method) and weighted
mean (taking weights as 1,2,3,4,5,6)
Question 4
Marks 10 20 30 40 50 60
No of 5 2 3 8 4 3
Students
Calculate simple mean (from short cut method) and weighted
mean (taking weights as 1,2,3,4,5,6)
Question 5
Marks 60 75 63 59 55
W 2 1 5 5 3

Calculate weighted mean


Question 6
Ten players of the Australian team made an average of
63 runs and ten players of the Indian team made an
average of 77 runs. Calculate the average run made by
both the teams.
Question 7
Average income of 50 families is Rs. 3,000. Of these
average income of 12 families is Rs. 1,800. Find out the
average income of the remaining families.
Question 8
A student obtained 60 marks in English , 75 in Hindi, 63
in Mathematics, 59 in Economics and 55 in Statistics.
Calculate weightage mean of the marks if weights are
respectively 2,1,5,5 and 3.
Question 9
A housewife uses 10 kg of Wheat, 20kg of fuel, 5kg of
Sugar, and 2 kg of oil. Prices (per kg) of these items are
Rs. 1.50, 50 paise, Rs. 2.80 and Rs. 10 respectively.
Taking quantities used as weights find out the weighted
arithmetic average of the prices.

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