AN INVESTOR IS FOND OF INVESTING IN EQUITY SHARES .

DURING A PERIOD OF FALLING PRICES IN THE

STOCK EXCHANGE , A STOCK IS SOLD AT RS. 120 PER SHARE ON ONE DAY, RS. 105 ON THE NEXT AND RS.
90 ON THE THIRD.THE INVESTOR HAD PURCHASED 50 SHARES ON THE FIRST DAY, 80 SHARES ON THE
SECOND AND 100 SHARES ON THE THIRD DAY. WHAT WAS THE AVERAGE PRICE PER SHARE DID THE
INVESTOR PAY ?
DAY PRICE PER SHARE( RS.) NO. OF SHARES
PURCHASED
1 120 50
2 105 80
3 90 100
SALARI NO. OF
ES ( IN EMPLOYEES
THDS.R
S.)
0-10 4
10-20 8
20-30 10
30-40 16
40-50 12
50-60 6
60-70 4
TOTAL 60
THE MEAN HEIGHT OF 25 MALE WORKERS OF A FACTORY IS 61
INCHES AND THE MEAN HEIGHT OF 35 FEMALE WORKERS IN THE
SAME FACTORY IS 58 INCHES . FIND THE COMBINED HEIGHT OF 60
WORKERS IN THE FACTORY.
STUDY THE FOLLOWING TWO CASES

CASE 1. SALARIES OF EMPLOYEES:

10,000 , 5,000 , 6,000 , 7,000 , 8,000 AND 40,000

CASE 2: RUNS SCORED BY P. SHAW

10, 20, 90, 25, 18, 15 AND 0 .
THE FOLLOWING DATA GIVES THE SAVINGS BANK
ACCOUNT BALANCES OF 9 SAMPLE HOUSEHOLDS
SELECTED IN A SURVEY. THE FIGURES ARE IN RS.
745, 2000, 1500,68000,461,549,3750,1800 & 4795.
A) FIND THE MEAN AND MEDIAN OF THE ABOVE DATA.
B) DO THESE DATA CONATIN AN OUTLIER?
IF SO EXCLUDE THIS VALUE AND RECALCULATE THE MEAN
AND MEDIAN.
C) WHICH OF THESE SUMMARY MEASURES IS MORE
APPROPRIATE IN THE SERIES?
MEDIAN CLASS INTERVAL FREQUENCY CUMULATIVE
FREQUENCY
MONTHLY NO. OF
800-1000 10
WAGES WORKERS
800-1000 10 1000-1200 20
1000-1200 20 1200-1400 30
1200-1400 30
1400-1600 60
1400-1600 60
1600-1800 40 1600-1800 40
1800-2000 40 1800-2000 40
MODE A MANUFACTURER PRODUCES 4 TYPES OF PRODUCTS
HE WANTS TO KNOW WHICH PRODUCT HE SHOULD
PRODUCE MORE
TO GET MAXIMUM PROFIT :
PRODUCT NO OF UNITS SOLD
A 500
B 600
C 650
D 400
 RETAIL SHOE SELLER:
CONDUCTED A SURVEY OF SALE OF DIFFERENT SIZE OF SHOES :

SHOE SIZE 4 5 6 7 8 9 10
AVERAGE 40 50 65 90 120 120 45
SALE
SALARIES IN THOUSAND NO OF EMPLOYEES
( RS)
0-5000 50
5000-10000 100
10000-15000 250
15000-20000 300
20000-25000 200