Paper 4: Fundamentals of Business Mathematics & Statistic

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5.42 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS

Measures of Central Tendency and Measures of Dispersion



  1. If first of two groups has 100 items and mean 45 and combined group has 250 items and mean 5/, find
    the mean of second group. [Ans. 55]

  2. Find the median of the following distribution
    Weight (kg) : 65 66 67 68 [Ans. 67]
    No. of students : 5 15 17 4

  3. Find G.M. of 3, 6, 24, 48 [Ans. 12]

  4. A.M. of two numbers is 25 and their H.M. is 9, find their G.M. [Ans. 15]

  5. The means of samples of sizes 50 and 75 are 60 and x respectively. If the mean of the combined group
    is 54, find x. [Ans. 50]

  6. Find the median of the given distribution :
    Value (x) : 1 2 3 4 [Ans. 3]
    Frequency (f) : 7 12 18 4

  7. If each of 3, 48 and 96 occurs once and 6 occurs twice verify that G.M. is greater than H.M.

  8. Find G M. of 1, 2, 3, 1 12 3,. What will be G.M. if ‘0’ is added to above set of velues?
    [Ans. 1 ; 0]

  9. The G.M. of a, 4, 6 is 6, find a [Ans. 9]

  10. A.M. of a variable x is 100, find the mean of the variable 2x – 50. [Ans. 150]

  11. The variable x and y are given by y = 2x + 11. If the median of x is 3, find the median of y. [Ans. 17]
    5.2 QUARTILE DEVIATION
    Quartiles are such values which divide the total number of observations into 4 equal parts. Obviously, there
    are 3 quartiles—
    (i) First quartile (or Lower quartile): Q 1
    (ii) Second quartile, (or Middle quartile) : Q 2
    (iii) Third quartile (or Upper quartile): Q 3
    The number of observations smaller than Q 1 , is the same as the number lying between Q 1 and Q 2 , or
    between Q 2 and Q 3 , or larger than Q 3. For data of continuous type, one-quarter of the observations is
    smaller than Q 1 , two-quarters are smaller than Q 2 , and three-quarters are smaller than Q 3. This means that
    Q 1 , Q 2 , Q 3 are values of the variable corresponding to ‘less-than’ cumulative frequencies N/4, 2N/4, 3N/
    4 respectively. Since, 2N/4 = N/2, it is evident that the second quartile Q 2 is the same as median.
    Q 1 < Q 2 < Q 3 ; Q 2 = Median.
    Quartiles are used for measuring central tendency, dispersion and skewness. For instance, the second quartile
    Q 2 is itself taken as a measure of central tendency, where it is known as Median.
    Quartile deviation is defined as half the difference between the upper and the lower quartiles.
    Quartile Deviation = Q^32 −Q^1
    The difference Q3- Q1 being the distance between the quartiles can also be called inter quartile range;
    half of this Semi- inter quartile Range. Thus the name ‘Semi - inter quartile Range’ itself gives the definition
    of Quartile Deviation.

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