Page 69 - DECO504_STATISTICAL_METHODS_IN_ECONOMICS_ENGLISH
P. 69
Unit 5: Application of Mean, Median and Mode
After preparing the grouping table, prepare an analysis table. While preparing this table put column Notes
numbers on the left-hand side and the various probable values of mode on the right-hand side. The
values against which frequencies are the highest and marked in the grouping table are then entered
by means of a bar in the relevant ‘box’ corresponding to the values they represent.
The procedure of preparing grouping table and analysis table shall be clear from the following
example:
Example 2: From the following data of the weight of 100 persons in a commercial concern determined
the modal weight:
Weight (in kg) 58 60 61 62 63 64 65 66 68 70
No. of persons 4 6 5 10 20 22 24 6 2 1
Solution: Grouping Table
Weight in Frequency
(kg) Col. 1 Col. 2 Col. 3 Col. 4 Col. 5 Col. 6
58 4
10
60 6 15
11 21
61 5 35
15
62 10
30
63 20 52
42 66
64 22 52
46
65 24
30
66 6 32
8 9
68 2
3
70 1
Analysis Table
Col. No. Weight in kg.
58 60 61 62 63 64 65 66 67 68 70
I 1
II 1 1
III 1 1
IV 1 1 1
V 1 1 1
VI 1 1 1
Total 1 3 5 4 1
LOVELY PROFESSIONAL UNIVERSITY 63