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The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .?
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The median and modal profits for the following data Profit in ' 000 be...
Median and Modal Profits Calculation
To calculate the median and modal profits, we need to first arrange the profits in ascending order:
Profit (in '000) | No. of firms
-----------------|--------------
below 5 | 0
below 10 | 2
below 15 | 1
below 20 | 1
below 25 | 1
below 45 | 1
25 | 1
55 | 1
62 | 1
65 | 1
Modal Profit
The modal profit is the value that appears most frequently in the data. In this case, the profit of "below 10" appears twice, while all other profits appear only once. Therefore, the modal profit is "below 10".
Median Profit
The median profit is the middle value in the data when arranged in ascending order. There are 10 profits given, so the middle value would be the average of the 5th and 6th profits. These profits are "below 25" and "25", respectively. Therefore, the median profit is (25 + below 25) / 2 = 11.50.
Final Answer
Thus, the correct option is (d) 11.50 and 11.67.
To calculate the median and modal profits, we need to first arrange the profits in ascending order:
Profit (in '000) | No. of firms
-----------------|--------------
below 5 | 0
below 10 | 2
below 15 | 1
below 20 | 1
below 25 | 1
below 45 | 1
25 | 1
55 | 1
62 | 1
65 | 1
Modal Profit
The modal profit is the value that appears most frequently in the data. In this case, the profit of "below 10" appears twice, while all other profits appear only once. Therefore, the modal profit is "below 10".
Median Profit
The median profit is the middle value in the data when arranged in ascending order. There are 10 profits given, so the middle value would be the average of the 5th and 6th profits. These profits are "below 25" and "25", respectively. Therefore, the median profit is (25 + below 25) / 2 = 11.50.
Final Answer
Thus, the correct option is (d) 11.50 and 11.67.
Community Answer
The median and modal profits for the following data Profit in ' 000 be...
The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .?
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The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .?
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The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .?.
The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The median and modal profits for the following data Profit in ' 000 below 5 below 10 below 15 below 20 below 25 below 45 25 62 10 55 65 No. of firms 0.0 degrees are ( b ) 11556 and 11267 ( a ) 11.60 and 11.50 ( c ) and 11667 \ 11875 ( d ) 11.50 and 11.67 .?.
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