Business MathematicsNEB 2075 (old course)
a) Calculate the mean deviation taken from the median of the data: 35, 40, 45, 50, 55, 60, 65. b) For two events A and B if P(A) = 0.40 , P(B) = 0.35 and P(A B) = 0.61 , find P(A B) .
6Answer
a) Mean Deviation from the Median
Step 1: Arrange the Data
The given data set is already arranged in ascending order:
Step 2: Find the Median
Since the number of observations (odd), the median is the middle value:
Step 3: Calculate Absolute Deviations from the Median
Compute the absolute difference between each data point and the median (50):
| Data () | Absolute Deviation () |
|---|---|
| 35 | |
| 40 | |
| 45 | |
| 50 | |
| 55 | |
| 60 | |
| 65 |
Step 4: Compute Mean Deviation
Sum of absolute deviations: Mean deviation:
Final Answer: The mean deviation from the median is 8.57.
b) Probability of Union of Two Events
Given:
Step 1: Check Validity of Given Probabilities
First, note that cannot exceed or . Here, is greater than both and . This is impossible because the intersection cannot be larger than either event.
Assumption:
There is likely a typographical error in the question. A reasonable correction is:
Step 2: Apply the Probability Union Formula
The formula for the probability of the union of two events is:
Substitute the corrected values:
Verification:
- must satisfy .
- Here, is valid.
Final Answer: The probability of is 0.60.
Note on the Original Question:
If is intentionally given (despite being invalid), the answer would be: This is impossible (probabilities cannot be negative). Thus, the question likely contains an error. The corrected answer assumes .
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