EconomicsNEB 2074 (old course)

i) Draw percentage bar diagram from the following data. [5] Item Food Clothing Rent Fuel Education Miscellaneous : : : : : : : Expenditure (Rs.) 4500 3500 3000 2500 4500 5000 ii) Calculate the…

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i) Draw percentage bar diagram from the following data. [5]

Item Food Clothing Rent Fuel Education Miscellaneous
Expenditure (Rs.) 4500 3500 3000 2500 4500 5000

ii) Calculate the median from the following data. [5]

Marks, below 100 90 80 70 60 50 40 30 20 10
No. of Students 90 85 68 48 33 26 20 15 12 4

Answer

i) Percentage Bar Diagram

Step 1: Calculate Total Expenditure

First, we sum up all the expenditure values to find the total expenditure.

Step 2: Calculate Percentage for Each Item

Next, we calculate the percentage of each item relative to the total expenditure.

  • Food:
  • Clothing:
  • Rent:
  • Fuel:
  • Education:
  • Miscellaneous:

Step 3: Draw the Percentage Bar Diagram

Below is the percentage bar diagram representing the expenditure on different items.

05.4310.8716.321.74Food19.57Clothing15.22Rent13.04Fuel10.87Education19.57Miscellaneous21.74Percentage (%)
Percentage Bar Diagram of Monthly Household Expenditure (Rs. 23,000 Total)

ii) Calculation of Median

Step 1: Find the Total Number of Students

The total number of students is given by the cumulative frequency of the last class interval.

Step 2: Determine the Median Position

The median is the value of the middle item in an ordered series. The position of the median is given by:

Step 3: Find the Median Class

We now find the class interval in which the 196th item lies. We calculate the cumulative frequency to identify the correct class.

Marks, below No. of Students Cumulative Frequency
100 90 90
90 85 175
80 68 243
70 48 291
60 33 324
50 26 350
40 20 370
30 15 385
20 12 397
10 4 401

The cumulative frequency reaches 243 in the class interval 80-90, which includes the 196th item. Thus, the median class is 80-90.

Step 4: Apply the Median Formula

The formula for the median in a continuous series is:

Where:

  • = Lower limit of the median class = 80
  • = Total number of students = 391
  • = Cumulative frequency of the class preceding the median class = 175
  • = Frequency of the median class = 68
  • = Width of the median class = 10 (since 90 - 80 = 10)

Substituting the values:

Median = 83

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