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Example 2:
A decorative item dealer deals in only two items - wall hangings and artificial plants. He has 15,000 dollars to invest and a space to store all the most 80 pieces. A wall hanging costs him 300 dollars and an artificial plant 300 dollars. He can sell a wall hanging at a profit of 50 dollars and an..
How to find Mean Deviation!
Mean Deviation - The mean deviation of a statistical data is defined as the arithmetic mean of the numerical values of the deviations of items from some average value. Mean deviation is also known as average deviation . The mean deviation is generally denoted by M.D. Formula for mean devi..
Introduction
In our day to day life, we come across many uncertainty of events. We wake up in the morning and check the weather report. The statement could be 'there is 60% chance of rain today'. This statement infers that the chance of rain is more than that having a dry weather. We decide upon our break..
Step 3:
We have the following conditions on the variables x and y. a) Sum of the numbers is atleast 15 i.e., x + y 15 b) Difference of the numbers is at most 7 i.e., x - y 7 c) Since the x and y should be positive, we have two more conditions x > 0, y > 0 We call Z as objective function and the l..
Standard Deviation
of a statistical data is defined as the positive square root of the arithmetic mean of the squared deviations of items from their arithmetic mean of the series under consideration. The standard deviation is denoted by s (sigma). The standard deviation is also known as Root Mean Squar..
Standard Deviation
Standard Deviation - of a statistical data is defined as the positive square root of the arithmetic mean of the squared deviations of items from their arithmetic mean of the series under consideration. The standard deviation is denoted by s (sigma). The standard deviation is also known as..
Class mid-mark or Class mark
is the mid-point of each interval. Class mark for Class (11 - 15) is . Similarly, class marks for other intervals are 18, 23, 28 When the data is put in a frequency distribution table, the marks obtained by an individual has lost its meaning. Thus some details have been lost. But we have learn..
Divided Bar Graph
Double bar or divided bar graph is preferred when we want to compare two sets of related data. An officer with a monthly salary of Rs. 7200 plans his budget for a month as given below: Represent this data by a bar graph. This data can be represented by a bar graph as follows: The above..
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