Graphical calculation for mode, Applied Statistics

Assignment Help:

For calculating the mode of the grouped data graphically, the following procedure is adopted.

  1. Draw a histogram of the data; the modal class is the tallest rectangle.

  2. Draw a line from the top right corner of the tallest rectangle to the top right corner of the preceding rectangle.

  3. Draw a line from the top left corner of the tallest rectangle to the top left corner of the succeeding rectangle.

  4. Draw a line perpendicular to the X-axis from the point of intersection of lines drawn in steps 2 and 3. The point of intersection of the perpendicular line with the X-axis represents the mode.

    Example 

    Let us calculate the Mode using the graphical method for the following distributions:

    Gross profits as percentage of sales

    0-7

    7-14

    14-21

    21-28

    28-35

    36-42

    42-49

    Number of companies

    19

    25

    36

    72

    51

    43

    28

    Using the procedure described above, we draw the histogram and other lines for the calculation of mode. The mode is 25.

533_graphical method.png


Related Discussions:- Graphical calculation for mode

Large sample test for proportion, Large Sample Test for Proportion A ra...

Large Sample Test for Proportion A random sample of size n (n > 30) has a sample proportion p of members possessing a certain attribute (success). To test the hypothesis that t

Regression lines, Regression Lines It has already been discussed that t...

Regression Lines It has already been discussed that there are two regression lines and they show mutual relationship between two variable . The regression line Yon X gives   th

Harmonic mean, The Harmonic Mean is based on the reciprocals of numbers ave...

The Harmonic Mean is based on the reciprocals of numbers averaged. It is defined as the reciprocal of the arithmetic mean of the reciprocal of the given individual observations. Th

Case # 2 , Case Problem: A Bipartisan Agenda for Change In a study conducte...

Case Problem: A Bipartisan Agenda for Change In a study conducted by Zogby International, more than 700 New Yorkers were polled to determine whether the New York state government w

Use of statistical tool, #question what is the statistical process to redu...

#question what is the statistical process to reduce hardness of water

Team Collaboration: Business Decision Making Project, Collect data about th...

Collect data about the chosen business problem or opportunity at the company. Explain how you obtained a suitable sample of either qualitative or quantitative data. Review data f

Coefficient of variation, Coefficient of Variation The standard dev...

Coefficient of Variation The standard deviation discussed above is an absolute measure of dispersion. The corresponding relative measure is known as the coefficient of vari

Mean absolute deviation, Mean Absolute Deviation To avoid the problem o...

Mean Absolute Deviation To avoid the problem of positive and negative deviations canceling out each other, we can use the Mean Absolute Deviation which is given by

Determine best estimates of the population mean and variance, Question: ...

Question: (a) A normal distribution is thought to have a mean of 50. A random sample of 100 gave a mean of 52.6 and a standard deviation of 14.5. A significance test was carri

Example of discrete random variable, Example of discrete random variable: ...

Example of discrete random variable: 1. What is a discrete random variable? Give three examples from the field of business. 2. Of 1000 items produced in a day at XYZ Manufa

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd