Mgt551

Exercise for Mean, Median and Mode

Q1.Calculate the arithmetic mean from the following data

Average monthly balance of 600 customers

|Class(Dollars) |0-49.99 |50-99.99 |100-149.99 |150-199.9 |200-249.99 |250-299.99 |

|Frequency |2 |6 |3 |5 |2 |2 |

Ans.21.5

Q3. Calculate the weighted arithmetic mean

Labor input in Manufacturing Process

|Grade of Labor |Hourly wages |Labor hours per unit of output |Labor hours per unit of output |

| |In dollars |Product 1 |Product 2 |

|Unskilled |5.00 |1 |4 |

|Semiskilled |7.00 |2 |3 |

|Skilled |9.00 |5 |3 |

Ans. 8

Q4.The North Carolina Consumers Bureau has conducted a survey of cable television providers in the state. Here are the number of channels they offer in basic service

32 28 31 15 25 14 12 29 22 28 29 32 33 24 26 8 35

(A) Calculate the median number of channels provided

(B) Calculate the mean number of channel provided

(c) Which value is the better number of channels provided.

Q5. Delivery trips per day in one 20-Day period

|0 |2 |5 |7 |15 |

|0 |2 |5 |7 |15...