Q) Following is the daily expenditure on lunch by 30 employees of a company:
Find the mean daily expenditure of the employees.
Ans: We can solve this question by 2 methods: (you can choose any one method whichever you like):
I. Direct Method:
let’s re-arrange the data with midpoint of each class, frequency, and multiply midpoint with frequency:
Next, mean of grouped data is given by:
Mean of grouped data =
Therefore, Mean expenditure = = 148
Hence, the mean expenditure of the given data is 148.
II. Assumed Mean Method:
We take center class as a = 150
Next, let’s re-arrange the data with midpoint of each class, frequency, take deviation, and multiply frequency with midpoint:
We know that, mean of grouped data is given by:
Mean of grouped data = a +
Therefore, Mean expenditure = 150 + = 148
Hence, the mean expenditure of the given data is 148.
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