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What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85?
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What is the coefficient of range for the following wages of 8 workers ...
Calculation of Range and Coefficient of Range
The range is the difference between the highest and the lowest values in a data set. The coefficient of range is the ratio of the range to the mean, expressed as a percentage.
Calculating the Range
To calculate the range of the wages of 8 workers, we need to subtract the lowest value from the highest value:
Range = Highest Value - Lowest Value
Range = 90 - 60
Range = 30
Therefore, the range of the wages of 8 workers is 30.
Calculating the Mean
To calculate the mean of the wages of 8 workers, we need to add up all the values and divide by the total number of values:
Mean = (80 + 65 + 90 + 60 + 75 + 70 + 72 + 85) / 8
Mean = 697 / 8
Mean = 87.13
Therefore, the mean of the wages of 8 workers is 87.13.
Calculating the Coefficient of Range
To calculate the coefficient of range, we need to divide the range by the mean and multiply by 100:
Coefficient of Range = (Range / Mean) x 100
Coefficient of Range = (30 / 87.13) x 100
Coefficient of Range = 34.45
Therefore, the coefficient of range for the wages of 8 workers is 34.45%.
The range is the difference between the highest and the lowest values in a data set. The coefficient of range is the ratio of the range to the mean, expressed as a percentage.
Calculating the Range
To calculate the range of the wages of 8 workers, we need to subtract the lowest value from the highest value:
Range = Highest Value - Lowest Value
Range = 90 - 60
Range = 30
Therefore, the range of the wages of 8 workers is 30.
Calculating the Mean
To calculate the mean of the wages of 8 workers, we need to add up all the values and divide by the total number of values:
Mean = (80 + 65 + 90 + 60 + 75 + 70 + 72 + 85) / 8
Mean = 697 / 8
Mean = 87.13
Therefore, the mean of the wages of 8 workers is 87.13.
Calculating the Coefficient of Range
To calculate the coefficient of range, we need to divide the range by the mean and multiply by 100:
Coefficient of Range = (Range / Mean) x 100
Coefficient of Range = (30 / 87.13) x 100
Coefficient of Range = 34.45
Therefore, the coefficient of range for the wages of 8 workers is 34.45%.
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What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85?
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What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85?.
What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the coefficient of range for the following wages of 8 workers 80,65,90,60,75,70,72,85?.
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