Fall 2016 - MTH302 - 2 - BC160400595

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Muhammad Muddasir

BC160400595

Student name: Muhammad Muddasir


BC160400595

Business Mathematics (MTH 302)


Assignment 2 (Fall 2016) Due Date 23/01/17

Question: 1
Arrange the data given below in an array and construct a frequency
distribution, using a class interval of 5.00, number of classes are 10 and the
smallest observation is 48.6. Indicate the class boundaries and class limits
clearly.

79.4 71.6 95.5 73.0 74.2 81.8 90.6

55.9 75.2 81.9 68.9 74.2 80.7 65.7


67.6 82.9 88.1 77.8 69.4 83.2 82.7
73.8 64.2 63.9 58.3 48.6 83.5 70.8
72.1 71.6 59.4 77.6

Answer

Class
S no. Class Limits Boundaries Frequency
1 48.6 - 53.5 48.55 - 53.55 1
2 53.6 - 58.5 53.55 - 58.55 2
3 58.6 - 63.5 58.55 - 63.55 1
4 63.6 - 68.5 63.55 - 68.55 5
5 68.6 - 73.5 68.55 - 73.55 6
6 73.6 - 78.5 73.55 - 78.55 6
7 78.6 - 83.5 78.55 - 83.55 8
8 83.6 - 88.5 83.55 - 88.55 1
9 88.6 - 93.5 88.55 - 93.55 1
10 93.6 - 98.5 93.55 - 98.55 1

Business Mathematics MTH 302)


Assignment 2 Fall 2016
Muhammad Muddasir
BC160400595

Question: 2

Find the mean, median, mode, range, midrange and interquartile range for
the following set of values:

9, 11, 14, 15, 26, 27, 29, 8, 27, 20, 7

Mean

9, 11, 14, 15, 26, 27, 29, 8, 27, 20, 7 (Total 11)
SUM = 193
MEAN = 193/11 = 17.54

Median

7, 8, 9, 11, 14, 15, 20, 26, 27, 27, 29,


Total terms = 11
Median = 15

Mode

7, 8, 9, 11, 14, 15, 20, 26, 27, 27, 29,


Mode = 27

Range

29-7 = 22

Midrange

7, 8, 9, 11, 14, 15, 20, 26, 27, 27, 29,


(29-7)/2 = 11

Inter quartile range

7, 8, 9, 11, 14, 15, 20, 26, 27, 27, 29,


Q1 = 9
Q2 = 15
Q3 = 27
Inter quartile range = 27 9 = 18

Business Mathematics MTH 302)


Assignment 2 Fall 2016
Muhammad Muddasir
BC160400595

Question: 3

Ali got 84, 93, and 88 scores in the Business Finance test. There is one more
test during the semester. He wants to obtain an average of 90. How much he
score in the fourth test to obtain an average of 90?

Formula
x1 +x2 + x3 + x4 / 4 = Average

Solution

(84 + 93 +88 + x) / 4 = 90
(84 + 93 +88 + x) = 90 * 4
265+ x = 360
x = 360 265
x = 95 Ali should take 95

Verification

(84 + 93 + 88 + 95) / 4 = 90
360 / 4 = 90

Business Mathematics MTH 302)


Assignment 2 Fall 2016

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