MTH302 MIDTERM SOLVED PAPERS
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Business Mathematics & Statistics:
In this example, the first and last classes are open classes. It is so for a reason the fact that we do not have exact data on the start of the first class or the end of the last class. The advantage of the calculation of the median in the case of an open-ended frequency distribution is like this, with the exception of the unlikely case that the median falls into an open-ended group that occurred at the beginning of our frequency distribution, there is no need to estimate an upper or lower bound. The word “empirical” actually means “based on”.
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That’s why the fact that if the median decreases in the intermediate class, then of course the first class does not
Another concept we will discuss is the empirical relationship between mean, median, and mode. This is a concept that is not based on rigid mathematics formula; rather, it is based on observation.
MTH302 MIDTERM SOLVED PAPERS:
This concept refers to the relative positions of the mean, median, and mode in a case of bumpy divorce. In a single-peaked frequency distribution, values are mean, median, and mode match if the frequency distribution is absolutely symmetric.
MTH302 MIDTERM SOLVED PAPERS BY MOAAZ:
Let’s return to the problem of the “average” number of floors in downtown buildings. We saw that the arithmetic mean was skewed towards several extremely high values in this series and became unrepresentative.