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

Quadratic equation whose roots are real, Write the quadratic equation whose...

Write the quadratic equation whose roots are real and non conjugate Ans)  x^2-x+6=0 ...roots are real and non conjugate

Compound angles, determine the exact value of cos (11*3.145/6)

determine the exact value of cos (11*3.145/6)

Find the value of p and q for which the system of equations, Find the value...

Find the value of p and q for which the system of equations represent coincident lines 2x +3y = 7, (p+q+1)x +(p+2q+2)y = 4(p+q)+1 Ans: a 1  = 2, b 1 = 3, c 1 = 7 a 2  =

Laura paid $17 for jeans what was original price of jeans, Laura paid $17 f...

Laura paid $17 for a pair of jeans. The ticketed price was 20% off the original price plus the sign on the rack said, "Take an additional 15% off the ticketed price." What was the

Solving an equation problems, Temperature: On one day in Fairfield, Montana...

Temperature: On one day in Fairfield, Montana the temperature dropped 80 degree fahrenheit from noon to midnight. If the temperature at midnight was -21 degree fahrenheit, write an

An amortization, Ahmad borrowed $450000.00 at 3% compounded semi-annually f...

Ahmad borrowed $450000.00 at 3% compounded semi-annually for ten years to buy an apartment. Equal payments are made at the end of every six months. a) Determine the size of the se

Video games, Should video game companies continue to alter their products t...

Should video game companies continue to alter their products to include other functions, such as e-mail

Parallelogram, fig angles of a irregular polygons exterior and interior .

fig angles of a irregular polygons exterior and interior .

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