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

5

Answer

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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