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Statistical Methods in Economics


                   Notes
                                                                           ⎡  N1 ⎤ ⎛  + ⎞  th
                                                           Q 3 = Value of the  3 ⎜  ⎟  ⎥   item
                                                                           ⎢
                                                                           ⎣  ⎝  4  ⎠  ⎦

                                                                 ⎡  (  +  ) 315 1  ⎤  th
                                                                                    th
                                                               =  ⎢      ⎥   item i.e., 12  item = 66
                                                                 ⎣   4   ⎦
                                                                 Q– Q 1   66 – 52  14
                                                                  3
                                                          Q.D. =        =        =    = 7
                                                                   2        2      2
                                                                 Q– Q     66 – 52  14
                                               Coefficient of Q.D. =   3  1   =    =    = 0.118
                                                                 Q +  Q 1  66 +  52  118
                                                                  3
                                  Q.D. in Discrete Series
                                  Example 9:  Calculate quartile deviation and its coefficient from the following data:
                                     Height of students (in cms.)  120  122  124  126    130   140   150    160

                                          No. of students       1     3      5     7     10     3     1      1

                                  Solution:
                                                               Calculation of Q  and Q 1
                                                                             3
                                                 X                        f                      c.f.

                                                 120                      1                       1
                                                 122                      3                       4
                                                 124                      5                       9
                                                 126                      7                      16
                                                 130                     10                      26
                                                 140                      3                      29
                                                 150                      1                      30
                                                 160                      1                      31


                                                              Q 1 = Size of   ⎛  ⎜  N1 ⎞  +  ⎟  th   item =   8 th   item
                                                                        ⎝  4  ⎠

                                              ∴               Q 1 = 224.


                                                              Q 3 = Size of  3 ⎛  ⎜  N1 ⎞  +  ⎟  th   item =  24 th   item
                                                                          ⎝  4  ⎠

                                              ∴               Q 3 = 230

                                                                   Q– Q
                                                             Q.D. =   3  1
                                                                      2
                                                                   230 – 224
                                                                 =          = 3 cms.
                                                                      2




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