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BUSINESSSTATISICS

FORMULAE
 BUSINESS STATISTICS FOMRULAE
S.No Calculatio Formula
. n Explanation
Arithmetic Mean
1 ∑ fX f=frequency, x=Midvale’s,
X N=total of frequency,
N fX = f × x
N L = lower limit of Median
−m class, N=total of frequency, m
L+ 2 C = the preceding item to the
2 Median “M” f Median class in cumulative
frequency. f = frequency of
Median class
f 0− f 0 L = lower limit of Mode
L+ C
class,
2 f 1 − f 0 −f 2 f1 = frequency of Mode class,
f0 = preceding of Mode class
3 Mode “Z” in frequency
f2 = succeeding of Mode
class in frequency
C = width of the class

4
Geometric
Mean “G.M.”
A ntilog [ 1 n
]
n = no. of items in a series
∑ fi log X i N = total frequency
N i =1 fi log Xi = product of log Xi
with frequency.
N
Harmonic n
fi N = total frequency
5
Mean “H.M.” ∑
i=1
xi n = no. of items in a series

Designed by S.V.Nikethan. Pg # 2
8019958900
 L = lower limit of Quartile
N class, N=total of frequency, m
Lower Quartile −m = the preceding item to the
6 L+ 4 C
Q1 Quartile class in cumulative
f frequency. f = frequency of
Quartile class
L = lower limit of Quartile
N class, N=total of frequency, m
Upper Quartile 3( )− m = the preceding item to the
7 L+ 4 C Quartile class in cumulative
Q3 f frequency. f = frequency of
Quartile class
L = lower limit of Quartile
N class, N=total of frequency, m
n( )− m = the preceding item to the
8 Decile Dn
L + 10 C Quartile class in cumulative
f frequency. f = frequency of
Quartile class
N +1 item n = no. of percent
9 Percentile Pn n( ) th
N = total of frequency in a
100 series

10 A
Range L− S L = largest item in a series
S = smallest item in a series
Co efficient L− S
10 B L+ S L = largest item in a series
of Range S = smallest item in a series
Quartile Q3 − Q1
11 A Deviation 2 Q3 = Upper Quartile
QD Q1 = Lower Quartile
Co efficient Q3 − Q1
11 B of QD Q3 + Q1 Q3 = Upper Quartile
Q1 = Lower Quartile
12 A Mean N = Sum of frequency in a
series
Deviation
MD ∑ fdy ∑ fdy = Sum of product of
N frequency with deviation

MD = Mean Deviation
MD X = Arithmetic mean
Co efficient X/M/Z M = Median
Z = Mode
12 B of MD MD
X
Designed by S.V.Nikethan. = Mean Deviation is Pg # 3
8019958900
divided by Mean
Note : For Individual series, only x value has taken & in
Discrete series, both f & x values
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Designed by S.V.Nikethan. Pg # 4
8019958900