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 | 2S20@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.