Find the mean deviation about the mean for the given data.
\(x_i\) | 5 | 10 | 15 | 20 | 25 |
\(f_i\) | 7 | 4 | 6 | 3 | 5 |
\(x_i\) | \(f_i\) | \(f_ix_i\) | \(|x_i-\bar{x}|\) | \(f_i|x_i-\bar{x}|\) |
5 | 7 | 35 | 9 | 63 |
10 | 4 | 40 | 4 | 16 |
15 | 6 | 90 | 1 | 6 |
20 | 3 | 60 | 6 | 18 |
25 | 5 | 125 | 11 | 55 |
25 | 350 | 158 |
\(N=\sum_{I=1}^{5}f_i=25\)
\(N=\sum_{I=1}^{5}f_ix_i=350\)
∴ \(\bar{x}=\frac{1}{N}\sum_{I=1}^{5}f_ix_i=\frac{1}{25}×350=14\)
∴ \(=MD\bar{(x)}=\frac{1}{N}\sum_{i=1}^{5}f_i|x_i-\bar{x}|=\frac{1}{25}×158=6.32\)
Class | 0 – 15 | 15 – 30 | 30 – 45 | 45 – 60 | 60 – 75 | 75 – 90 |
---|---|---|---|---|---|---|
Frequency | 11 | 8 | 15 | 7 | 10 | 9 |
Variance of the following discrete frequency distribution is:
\[ \begin{array}{|c|c|c|c|c|c|} \hline \text{Class Interval} & 0-2 & 2-4 & 4-6 & 6-8 & 8-10 \\ \hline \text{Frequency (}f_i\text{)} & 2 & 3 & 5 & 3 & 2 \\ \hline \end{array} \]
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |
A statistical measure that is used to calculate the average deviation from the mean value of the given data set is called the mean deviation.
The mean deviation for the given data set is calculated as:
Mean Deviation = [Σ |X – µ|]/N
Where,
Grouping of data is very much possible in two ways: