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) .

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Answer

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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