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The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.?
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The median and modal profits for the following data The r below 25 bel...
Calculating the Median Profit
To calculate the median profit, we need to arrange the profits in ascending order:
Profit in '000: below 5, below 8, below 10, below 15, below 20, 25, 45, 55, 62
There are 9 profits, so the median will be the middle value, which is the 5th value, or "below 15". Therefore, the median profit is 15,000.
Calculating the Modal Profit
To calculate the modal profit, we need to determine which profit occurs most frequently. In this case, "below 10" occurs twice, while all other profits occur only once. Therefore, the modal profit is 10,000.
Final Answer
The median profit is 15,000 and the modal profit is 10,000. Therefore, the correct answer is (d) 11.50 and 11.67.
To calculate the median profit, we need to arrange the profits in ascending order:
Profit in '000: below 5, below 8, below 10, below 15, below 20, 25, 45, 55, 62
There are 9 profits, so the median will be the middle value, which is the 5th value, or "below 15". Therefore, the median profit is 15,000.
Calculating the Modal Profit
To calculate the modal profit, we need to determine which profit occurs most frequently. In this case, "below 10" occurs twice, while all other profits occur only once. Therefore, the modal profit is 10,000.
Final Answer
The median profit is 15,000 and the modal profit is 10,000. Therefore, the correct answer is (d) 11.50 and 11.67.
Community Answer
The median and modal profits for the following data The r below 25 bel...
11875 & 11667
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The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.?
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The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (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 The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (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 The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.?.
The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (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 The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (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 The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.?.
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The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.?, a detailed solution for The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.? has been provided alongside types of The median and modal profits for the following data The r below 25 below 8. Profit in '000 *: below 5 below 10 below 15 below 20 Dail 55 45 62 25 No. of firms: 10 65 No 63 are (a) = (a) 11.60 and 11.50 (b) 11556 and * 11267 (c) 11875 and 11667 (d) 11.50 and 11.67.? theory, EduRev gives you an
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