Gains and looses (in ₹)of 50 speculators is give below: 4 speculators ...
Analysis of Speculators' Gains and Losses
Gain Range and Number of Speculators
- 4 speculators gain between ₹ 300 and ₹ 400
- 6 speculators gain between ₹ 200 and ₹ 300
- 8 speculators gain between ₹ 100 and ₹ 200
- 12 speculators gain between ₹ 0 and ₹ 100
Loss Range and Number of Speculators
- 10 speculators lose between ₹ 0 and ₹ 100
- 7 speculators lose between ₹ 100 and ₹ 200
- 3 speculators lose between ₹ 200 and ₹ 300
Calculation of Average Gain of Gainers
Average Gain of Gainers = (Total gain of gainers)/(Number of gainers)
Total gain of gainers = (4 x 350) + (6 x 250) + (8 x 150) + (12 x 50) = ₹ 3400
Number of gainers = 4 + 6 + 8 + 12 = 30
Average Gain of Gainers = 3400/30 = ₹ 113.33
Calculation of Average Loss of Losers
Average Loss of Losers = (Total loss of losers)/(Number of losers)
Total loss of losers = (10 x 50) + (7 x 150) + (3 x 250) = ₹ 1750
Number of losers = 10 + 7 + 3 = 20
Average Loss of Losers = 1750/20 = ₹ 87.50
Calculation of Mean Net Profit or Loss of the Whole Group
Mean Net Profit or Loss = (Total gain - Total loss)/(Total number of speculators)
Total gain = ₹ 3400
Total loss = ₹ 1750
Total number of speculators = 50
Mean Net Profit or Loss = (3400 - 1750)/50 = ₹ 33.00
Therefore, the mean net profit of the whole group is ₹ 33.00.