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

Multiplication of two complex numbers, Multiply the given below and write t...

Multiply the given below and write the answer in standard form. (2 - √-100 )(1 + √-36 ) Solution If we have to multiply this out in its present form we would get,  (2 -

Finf the value of x or y from given liner equation, 41x + 53y = 135, 53x +4...

41x + 53y = 135, 53x +41y =147 Ans:    41x + 53 y = 135, 53 x + 41 y = 147 Add the two equations : Solve it, to get ... x + y = 3 -------(1) Subtract : Solve it , to

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Explain the rules of divisibility, Explain the rules of Divisibility ? ...

Explain the rules of Divisibility ? Divisible by 2: If the last digit is a 0, 2, 4, 6, or 8, the number is evenly divisible by 2. Divisible by 2 Not

Calculate the value of the following limits, Calculate the value of the fol...

Calculate the value of the following limits. Solution To remind us what this function such as following the graph. hence, we can see that if we reside to the r

Systematic sampling, Systematic Sampling Systematic sampling is a part ...

Systematic Sampling Systematic sampling is a part of simple random sampling in descending or ascending orders. In systematic sampling a sample is drawn according to some predet

Quadratic equations by completing the square method, Can we solve the Quadr...

Can we solve the Quadratic Equations by completing the square method? if yes explain it.

Triangulos rectangulos y no rectangulos, el extremo de un poste que partió ...

el extremo de un poste que partió 8.45 metros de la base del poste y forma con el suelo un angulo de 40 grados 28 minutos.hallar la altura original del poste

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