Find the standard deviation from the following data and interpret the result.
| Wage (Rs.) | 45 | 50 | 55 | 60 | 65 |
| No. of labours | 3 | 5 | 8 | 7 | 4 |
Ans: 6.0405
Find the standard deviation from the following data and interpret the result.
| Income (Rs.) | 14 | 15 | 18 | 20 | 22 | 28 |
| No. of family | 4 | 3 | 4 | 5 | 2 | 2 |
Ans: 4.0899
Two companies A and B furnish the following details of their average wage rate and standard deviation. Find out which company shows more consistency.
| Company | Average Wage rate | Standard Deviation |
| A | 40 | 8 |
| B | 50 | 12 |
Find the standard deviation from the following data and interpret the result.
| Wage (Rs.) | 15 | 22 | 26 | 32 | 35 |
| No. of labours | 4 | 5 | 3 | 6 | 2 |
Ans: 6.84
Find the standard deviation from the following data and interpret the result.
| Wage (Rs.) | No. of labours |
| 5 | 8 |
| 15 | 4 |
| 25 | 5 |
| 35 | 3 |
| 45 | 5 |
Ans: 15.1
Suppose two groups of students are the following data:
| Group | Mean | Variance |
| A | 60 | 169 |
| B | 45 | 169 |
Ans: (a) σA = 13, CVA = 21.67%,σB = 13, CVB 28.89%
Find the value of 'X' if the mean of given data is 35. Income in Rs. 10, 20, X, 40, 60.
Ans: 45
If median = 23 and mode = 25, find the value of arithmetic mean.
Ans: 22
If arithmetic mean = 22 and mode = 25, find the value of median.
Ans: 23
Find the standard deviation from the following data and interpret the result.
| Expenditure (Rs.) | 15 | 25 | 30 | 32 | 36 |
| Bsinessmen | 4 | 7 | 5 | 3 | 2 |
Ans: 6.46
Find the standard deviation from the given data. Standard deviation is considered superior to Mean deviation, why? Justify this statement with two reasons.
| Marks | 45 | 50 | 55 | 60 | 65 |
| No. of students | 3 | 5 | 8 | 7 | 4 |
Ans: 6.03
Solve the following question based on the average wage rates and standard deviations of two similar companies X and Y as represented in the table.
| Company | Average wage rate | Standard deviation |
| X | 45 | 13 |
| Y | 40 | 12 |
Ans: (a)CVx = 32.5, CVy = 28 (b)Company Y
Solve the following question based on the average wage rates and standard deviations of two similar companies X and Y as represented in the table.
| Company | Average wage rate | Standard deviation |
| X | 40 | 13 |
| Y | 50 | 14 |
Ans: (a)CVx = 28.9, CVy = 30 (b)Company X