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

Determine the property of partial ordered relation, Determine the property ...

Determine the property of Partial ordered relation Question: Partial ordered relation is transitive, reflexive and  Answer: antisymmetric

Ellipse, different types of ellipse

different types of ellipse

Find the coordinates of c , Plot the points A(2,0) and B (6,0) on a graph p...

Plot the points A(2,0) and B (6,0) on a graph paper. Complete an equilateral triangle ABC such that the ordinate of C be a positive real number .Find the coordinates of C   (Ans: (

Electronic whiteboards, Topic : Use of Electronic whiteboards (ICT) in prim...

Topic : Use of Electronic whiteboards (ICT) in primary education in Australia and international. What are the key theories, concepts and ideas related to your topic? Wha

Estimate how much should every friend pay, A group of ?ve friends gone out ...

A group of ?ve friends gone out to lunch. The total bill for the lunch was $53.75. Their meals all cost about the similar, so they needed to split the bill evenly. Without consider

Derivatives to physical systems, Derivatives to Physical Systems: A st...

Derivatives to Physical Systems: A stone is dropped into a quiet lake, & waves move within circles outward from the location of the splash at a constant velocity of 0.5 feet p

How to dealing with exponents on negative bases, How to Dealing With Expone...

How to Dealing With Exponents on Negative Bases ? Exponents work just the same way on negative bases as they do on positive ones: (-2)0 = 1 Any number (except 0) raised to the

Multiplyig, why is multiplying inportent in our lifes

why is multiplying inportent in our lifes

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