Lahore School of Economics MBA-I Business Mathematics and Statistics Winter 2021 rome_“Tnta Car (Par) Date:__30-Qet2) Assignment No. 10 Section:_B Score:, Q.1: A wholesale appliance distributing firm wished to study its accounts receivable for two successive months. Two independent samples of 50 accounts were selected for each of the two months. The results are summarized in the following table: Frequency distribution for accounts receivable. a. Plot the histogram for each month. March “April March ‘April ‘Amounts Frequency | Frequency | Cumulative | Cumulative Frequency | Frequency Rs.0 under Rs.20,000 6 10 6 10 Rs.20,000 under Rs.40,000 13 14 19 a4 Rs.40,000 under Rs.60,000 17 13 36 at Rs.60,000 under Rs.80,000 10 10 4G ut Rs.80,000 under Rs.100,000 4 0 Jo Yt Rs.100,000 under Rs.120,000 0 3 So So. 2f- $0 | 2S20@00. Wego Gepro open leone) (nage b. On one graph, plot the percentage polygon for each month.¢. On one graph, plot the cumulative percentage polygon (also called Ogive) for each month. d. What conclusion can you draw? The Acwoonk Receivables in Merch remained Lower ‘ia dhe bemnne 4s Compared with cali fn Ue montin d April. Gur the amounla bebseen 8,000 —Rs 120,000 Amaral of Te reujuables Aamasines! bgt ‘in Ere movin Mardy Usen i April.