Assignment No: 02 in Business Statistics Issued by: Sir Habib Nawaz

Submitted by: Syed Hezbullah Shah Bukhari(BBA-IT) University of Science & Technology Bannu

QUESTION:
The following table gives the frequency distribution for marks obtained by 40
students in an examination.

No: of
Marks
students
18 - 26 3
27 - 35 5
36 - 44 9
45 - 53 12
54 - 62 5
63 - 71 4
72 - 80 2

a) Calculate the median & mode of the frequency distribution.

b) Calculate the 2nd & 4th moment about the mean and comment of the shape of the
distribution with regard to kurtosis.
c) Calculate standard deviation & Co-efficient of variance.

SOLUTIONS:

Mid Points Cumulative

Class fi
Classes Frequency
Boundaries xi (F)
18 - 26 17.5 - 25.5 22 3 3
27 - 35 26.5 - 34.5 31 5 8
36 - 44 35.5 - 43.5 40 9 17
45 - 53 44.5 - 52.5 49 12 29
54 - 62 53.5 - 61.5 58 5 34
63 - 71 62.5 - 70.5 67 4 38
72 - 80 71.5 - 79.5 76 2 40
 40 169

a)
Median:

h n 
Formula: Median = l    C  ------------- (A)
f 2 

Where
l = Lower class limit / class boundary of the median group.
h = Class interval. (Difference of two upper or two lower class limits)
C = Cumulative frequency preceding the median group.
n = Total number of observation.
Syed Hezbullah Shah Bukhari (BBA-IT) http://bukhari1986.itgo.com
University of Science & Technology Bannu 1 Roll No: 21
Assignment No: 02 in Business Statistics Issued by: Sir Habib Nawaz
Submitted by: Syed Hezbullah Shah Bukhari(BBA-IT) University of Science & Technology Bannu

n 40
Median group = = = 20th student
2 2

h  27  18  9

Putting the values in eq=n (A) , we get:

9  40   40  34 
Median = 44.5    17  = 44.5  0.75 
12  2   2 
6
Median = 44.5  0.75  = 44.5  0.75(3) = 44.5  2.25
2
Median = 46.75 marks

Mode:

fm  f 1
Formula: Mode = l  h
( fm  f 1)  ( fm  f 2)

Where

l = lower class boundary of the modal class.

fm = frequency of the modal class.
f1 = frequency associated with the class preceding the modal class
f2 = frequency associated with the class following the modal class
h = width of the class interval

Putting the values in the formula, we get:

12  9 3
Mode = 44.5   9 = 44.5  9
(12  9)  (12  5) (3)  (7)

3
Mode = 44.5   9 = 44.5  2.7
10

Mode = 47.2 ANS

Syed Hezbullah Shah Bukhari (BBA-IT) http://bukhari1986.itgo.com

University of Science & Technology Bannu 2 Roll No: 21
Assignment No: 02 in Business Statistics Issued by: Sir Habib Nawaz
Submitted by: Syed Hezbullah Shah Bukhari(BBA-IT) University of Science & Technology Bannu

b)

Mid
Classes Points fi fx ( xi  x ) ( xi  x ) 2 ( xi  x ) 4
xi
18 - 26 22 3 66 -24.975 623.750625 389064.8422
27 - 35 31 5 155 -15.975 255.200625 65127.359
36 - 44 40 9 360 -6.975 48.650625 2366.883313
45 - 53 49 12 588 2.025 4.100625 16.81512539
54 - 62 58 5 290 11.025 121.550625 14774.55444
63 - 71 67 4 268 20.025 401.000625 160801.5013
72 - 80 76 2 152 29.025 842.450625 709723.0556
 40 1879 14.175 2296.704375 1341875.011

Mean x 
 fx  1879  46.975
 f 40
Moments:

1
Formula: Moment = m r =
n
 ( xi  x ) r , for sample data

1
Moment =  r =
N
 ( xi   ) r
, for population data

Calculation:

1 1
  0.025
n 40

2nd moment:
1
Moment = m 2 =
n
 ( xi  x ) 2 = 0.025(2296.704375)
m2 = 57.41760938

4th moment:
1
Moment = m 4 =
n
 ( xi  x ) 4 = 0.025(1341875.011)
m4 = 33546.87527

Syed Hezbullah Shah Bukhari (BBA-IT) http://bukhari1986.itgo.com

University of Science & Technology Bannu 3 Roll No: 21
Assignment No: 02 in Business Statistics Issued by: Sir Habib Nawaz
Submitted by: Syed Hezbullah Shah Bukhari(BBA-IT) University of Science & Technology Bannu

Shape of the distribution:

m4 33546.87527
2  2 = = 10.17564
(m2 ) (57 .41760938) 2

 2 > 3 so it is lepto-kurtic

c)
Standard Deviation:

 fx   fx 
2 2

Formula: S =  
n  n 
 

Putting values, we get:

2
95797  1879  3530641
S =   = 2394.925 
40  40  1600

S = 2394.925  2206.650 = 188.275

S = 13.72 ANS

Co-efficient of Variation:

S
Formula: Co-efficient of Variance =  100 (For Sample Data)
x

Co-efficient of Variance =   100 (For Population Data)
Calculation:
S 13.72
C.V =  100 =  100
x 46.975

C.V = 4697.5

THE END

Syed Hezbullah Shah Bukhari (BBA-IT) http://bukhari1986.itgo.com

University of Science & Technology Bannu 4 Roll No: 21