Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 44 In a group of 500 wage-earners, the weekly wages of 4% were under Rs. 60 and these of 15% were under Rs. 62.50.
In 44 In a group of 500 wage-earners, the weekly wages of 4% were under Rs. 60 and these of 15% were under Rs. 62.50. 15% of the workers earned Rs. 95 and over and 5% of them got Rs. 100 and over. The median and quartile wages were Rs. 82.25, Rs. 72.75 an Rs. 90.50; the fourth and sixth deciles wages were Rs. 78.75 am Rs. 85.25 respectively. Put the above information in the form of a frequency distribution and estimate the mean wage of the 500 wage-earners there from Hint. First put the information in the form of a cumulative frequency table.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started