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Calculate the value of median from the following data:Income12,001,8005,0002,5003,0001,6003,500No. of Persons12162103157 |
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Answer»
Median = size of \((\frac{N+1}{2})^{th}\) item Median = \(\frac{65+11}2=33^{rd}\) While locating the item in the Cumulative Frequency column, the item that exceeded 33rd is 43 that is corresponding to 1800. Thus, the median is 1800. |
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