Page 71 - DCOM203_DMGT204_QUANTITATIVE_TECHNIQUES_I
P. 71

Quantitative Techniques – I




                    Notes
                                          Example: The daily profits (in rupees) of 100 shops are distributed as follows :
                                   Profit/Shop:     0-100   100-200  200-300   300-400   400-500  500-600

                                   No. of Shops:      12        18        27       20        17        6
                                   Construct a frequency polygon of the above distribution.
                                   Solution:
                                                                 Frequency  Polygon






















                                          Example: Represent the following data by a frequency polygon.
                                   Classes:     5-15     15-25    25-35     35-45     45-55    55-65     65-75
                                   Frequency:     10       16        18       15        12        5         2

                                   Solution: Here the frequency polygon is drawn by plotting mid-points of class intervals against
                                   their respective frequencies.

                                                                 Frequency  Polygon

















                                   13.  Frequency curve: When the vertices of a frequency polygon are joined by a smooth curve,
                                       the resulting figure is known as a frequency curve. As the number of observations increases,
                                       there is need of having more and more classes to accommodate them and hence the width
                                       of each  class will become smaller  and smaller.  In such a situation  the variable  under
                                       consideration tend to become continuous and the frequency polygon of the data tends to
                                       acquire the shape of a frequency curve. Thus, a frequency curve may be regarded as a
                                       limiting form of frequency polygon as the number of observations become large.




          66                                LOVELY PROFESSIONAL UNIVERSITY
   66   67   68   69   70   71   72   73   74   75   76