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

State demorgans law and prove it using the truth table, State DeMorgan's la...

State DeMorgan's law. Prove it using the truth table.   Ans: DeMorgan's law defines that    (i)  (x ∨ y)' = x' ∧ y' (ii)  (x ∧ y)' = x' ∨ y'      Now let us dr

Example of inverse matrix, Determine the inverse of the following matrix, i...

Determine the inverse of the following matrix, if it exists. We first form the new matrix through tacking onto the 3 x 3 identity matrix to this matrix.  It is, We

Superimpose the three curves on the one axis, Submit solutions for all of t...

Submit solutions for all of the following questions. Remember to set out your answers showing all steps completely and explicitly justify your steps. 1. Provide, in no more than

Integration, It is known that a radioactive material decays at a rate propo...

It is known that a radioactive material decays at a rate proportional to the amount present.If after a period of 12 years,a 2g piece of radium weighs 1.99g.How long will it be befo

Determine the derivative f ( x ) = 2 x2 -16x + 35, Determine the derivative...

Determine the derivative of the following function by using the definition of the derivative. f ( x ) = 2 x 2 -16x + 35 Solution Thus, all we actually have to do is to pl

Help, sin(x)+cos(x)

sin(x)+cos(x)

Fractions, A recipe calls for 2 1/4 teaspoons of salt for every 1 1/8 teasp...

A recipe calls for 2 1/4 teaspoons of salt for every 1 1/8 teaspoons of black pepper used. How many teaspoons of salt are needed for each teaspoon of pepper used ?

What is the limit of sin (1/x) when x tends to zero?, As x tends to zero th...

As x tends to zero the value of 1/x tends to either ∞ or -∞. In this situation we will not be sure about the exact value of 1/x. As a result we will not be sure about the exact/app

Example of addition of fractions, Example of addition of Fractions: 10...

Example of addition of Fractions: 105/64 + 15/32 + 1/6 =____ would require the denominator to be equal to 64 x 32 x 6 = 12,288. This type of number is very hard to use.

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