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

Pumping lemma for context free languages, 1. Construct a grammar G such tha...

1. Construct a grammar G such that L(G) = L(M) where M is the PDA in the previous question. Then show that the word aaaabb is generated by G. 2. Prove, using the Pumping Lemma f

By the method of completion of squares solve equation, By the method of com...

By the method of completion of squares show that the equation 4x 2 +3x +5 = 0 has no real roots. Ans:    4 x 2 +3 x +5=0 ⇒  x 2 + 3/4 x + 5 = 0 ⇒   x 2 + 3/4 x +

What is the meaning of the f-statistic and f test, You are given the follow...

You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Q t = 2.5 - 0.3 x P t + 12 x M t Where Q

Initial conditions to find system of equations, Solve the subsequent IVP. ...

Solve the subsequent IVP. y′′ + 11y′ + 24 y = 0 y (0) =0  y′ (0)=-7  Solution The characteristic equation is as r 2 +11r + 24 = 0 ( r + 8) ( r + 3) = 0

Find the constant height at which the jet is flying, The angle of ...

The angle of elevation of a jet fighter from a point A on the ground is 600. After a flight of 15 seconds, the angle of elevation changes to 300. If the jet is flying at a speed  o

Java program for sorting algorithms, Introduction: In this project, yo...

Introduction: In this project, you will explore a few sorting algorithms. You will also test their efficiency by both timing how long a given sorting operation takes and count

2+2=5, How could 2+2 will be Equal to 5

How could 2+2 will be Equal to 5

Calculate the area and perimeter of a right triangle, Calculate the area an...

Calculate the area and perimeter of a right triangle: Calculate the area and perimeter of a right triangle with a 9" base and sides measuring 12 and 15.  Be sure to involve th

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