Business MathematicsNEB 2080 (old course)
Calculate the Mean Deviation from the mean of the following data: Bonus 10 15 20 25 30 : : : : : : : : : : : Frequency 5 4 4 4 3
5Answer
Step 1: Compute the Mean ()
The mean is calculated using the formula: From the table: Thus,
Step 2: Compute Absolute Deviations from the Mean
Calculate for each value of :
| Bonus () | |
|---|---|
| 10 | |
| 15 | |
| 20 | |
| 25 | |
| 30 |
Step 3: Compute Weighted Absolute Deviations
Multiply each by its corresponding frequency ():
| Frequency () | ||
|---|---|---|
| 9 | 5 | 45 |
| 4 | 4 | 16 |
| 1 | 4 | 4 |
| 6 | 4 | 24 |
| 11 | 3 | 33 |
Sum of weighted absolute deviations:
Step 4: Compute Mean Deviation
The mean deviation from the mean is given by: Substituting the values:
Final Answer: The mean deviation from the mean is 6.1.
Discussion
Loading…
More Business Mathematics questions
If A is a square matrix then A A^T is a) a diagonal matrix b) Symmetric matrix c) Skew symmetric matrix d) Scalar matrixNEB 20811Two matrices A and B can be multiplied to get AB if a) Both matrices are square of different order. b) Both matrices are rectangular of same order. c) No.of…NEB 20811If the matrix of technical coefficients is A = bmatrix 0.1 & 0.2 \\ 0.3 & 0.4 bmatrix then Leontief matrix is a) bmatrix 0.1 & 0.2 \\ 0.3 & 0.4 bmatrix b)…NEB 20811The functions f(x) is increasing on a domain D if a) f'(x) < 0 for all x in D b) f'(x) = 0 for all x in D c) f'(x) 0 for all x in D d) f'(x) doesn't exist for…NEB 20811Which one of the following differential equation has the solution xy = c ? a) ydy + xdx = 0 b) xdy + ydx = 0 c) xdy ydx = 0 d) ydy xdx = 0NEB 20811Which one of the following is the sum of the series 1 + 12 + 14 + to a) 23 b) 12 c) 1 d) 2NEB 20811