EconomicsNEB 2075 (old course)
Calculate mean. Wage 0 100 100 200 200 300 300 400 400 500 : : : : : : No. of workers 4 12 16 10 8
5Answer
Calculation of Mean Wage
To calculate the mean wage from the given grouped data, we follow these steps:
Step 1: Find the Midpoints (Class Marks)
The midpoint of each wage interval is calculated using the formula:
| Wage Interval | Midpoint (x) |
|---|---|
| 0-100 | |
| 100-200 | |
| 200-300 | |
| 300-400 | |
| 400-500 |
Step 2: Calculate (Frequency × Midpoint)
Multiply the number of workers (frequency) by the midpoint of each wage interval.
| Wage Interval | No. of Workers (f) | Midpoint (x) | |
|---|---|---|---|
| 0-100 | 4 | 50 | |
| 100-200 | 12 | 150 | |
| 200-300 | 16 | 250 | |
| 300-400 | 10 | 350 | |
| 400-500 | 8 | 450 |
Step 3: Calculate the Total Frequency (N)
Step 4: Calculate the Sum of (Σfx)
Step 5: Compute the Mean
The formula for the mean of grouped data is:
Final Answer
The mean wage of the workers is 262.
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