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

How many solutions are there for differential equation, If a differential e...

If a differential equation does have a solution how many solutions are there? As we will see ultimately, this is possible for a differential equation to contain more than one s

Halm''s differential equation, please i need the solution for halm''s diffe...

please i need the solution for halm''s differential equation

Distinct eigenvalues, It's now time to do solving systems of differential e...

It's now time to do solving systems of differential equations. We've noticed that solutions to the system, x?' = A x? It will be the form of, x? = ?h e l t Here l and

Draw the digraph for the partial order, 1. Consider the relation on A = {1,...

1. Consider the relation on A = {1, 2, 3, 4} with relation matrix: Assume that the rows and columns of the matrix refer to the elements of A in the order 1, 2, 3, 4. (a)

Find the evaluation of angle, In parallelogram ABCD, ∠A = 5x + 2 and ∠C = 6...

In parallelogram ABCD, ∠A = 5x + 2 and ∠C = 6x - 4. Find the evaluation of ∠A. a. 32° b. 6° c. 84.7° d. 44° a. Opposite angles of a parallelogram are same in measu

Holistic marketing , Necessity of holistic marketing or importance of holis...

Necessity of holistic marketing or importance of holistic marketing

Derivatives with chain rule, Chain Rule : We've seen many derivatives...

Chain Rule : We've seen many derivatives.  However, they have all been functions similar to the following kinds of functions. R ( z ) = √z      f (t ) = t 50

Combined mean and standard deviation, Combined Mean And Standard Deviation ...

Combined Mean And Standard Deviation Occasionally we may need to combine 2 or more samples say A and B. Therefore it is essential to identify the new mean and the new standard

How do you find the second minimum spanning tree of a graph, How do you fin...

How do you find the second minimum spanning tree of a graph?  Find the second minimum spanning tree of the following graph.  Ans: The second minimum spanning tree is acq

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