Relative frequency definition, Mathematics

Assignment Help:

Relative Frequency 

This type of probability requires us to make some qualifications. We define probability of event A, occurring as the proportion of times A occurs, if we repeat the experiment several times under the same or similar conditions.

 

Example 

Consider the following distribution of salaries in a finance company for February, 2002.

Salaries (Rs.)

Frequency

Relative Frequency (%)


  2,000 -   5,000

 2

4%

  5,000 -   8,000

11

22%

  8,000 - 11,000

18

36%

11,000 - 14,000

10

20%

14,000 - 17,000

 7

14%

17,000 - 20,000

 2

4%

 

50

100%

For a subsequent month the salaries are likely to have the same distributions unless employees leave or have their salaries raised, or new people join. Hence we have the following probabilities obtained from the above relative frequencies.

Salaries (Rs.)

Probability

  2,000 -   5,000

4%

  5,000 -   8,000

22%

  8,000 - 11,000

36%

11,000 - 14,000

20%

14,000 - 17,000

14%

17,000 - 20,000

4%

 

100%

These probabilities give the chance that an employee chosen at random will be in a particular salary class. For example, the probability of an employee's salary being Rs.5,000 - Rs.8,000 is 22%.


Related Discussions:- Relative frequency definition

Trignometry, Define the given satatement : 1.sin90-sin89=sin10 using pythag...

Define the given satatement : 1.sin90-sin89=sin10 using pythagoras theoram 2. How can any value of sin and cosis always given any value of cosec.

Ratio, 2qt :6qt::x :48? help me solve x

2qt :6qt::x :48? help me solve x

Probability distribution for continuous random variables, Probability Distr...

Probability Distribution for Continuous Random Variables In a continuous distribution, the variable can take any value within a specified range, e.g. 2.21 or 1.64 compared to

Difererntial equation, Ask queFind the normalized differential equation whi...

Ask queFind the normalized differential equation which has {x, xex} as its fundamental setstion #Minimum 100 words accepted#

Calculus, need someone to log into my hawkes and complete homework due

need someone to log into my hawkes and complete homework due

Find the limit of given matrix, What is required: This assignment is to be ...

What is required: This assignment is to be resolved using Maple. You are to upload a single Maple worksheet with file name FamilynameFirstname.mw (e.g., CarrElliot.mw), using the A

Boeing Company and Ingredient Branding Strategies, . The Boeing Company ma...

. The Boeing Company makes a number of different types of aircraft for the commercial airline industry, e.g., the 727, 747, 757, 767, and 777 jet models. Is there any way for Boei

Conversion\, how many mg are there in g?

how many mg are there in g?

What was the original price of the coat before tax, Nick paid $68.25 for a ...

Nick paid $68.25 for a coat, including sales tax of 5%. What was the original price of the coat before tax? Since 5% sales tax was added to the cost of the coat, $68.25 is 105%

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