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

Immediate predecessor of mahavira, The twenty-third Jaina teacher, Parsva, ...

The twenty-third Jaina teacher, Parsva, the immediate predecessor of Mahavira enjoined on his disciples four great vows. To these Mahavira addes which of the followings as the fift

How much can they deduct from childcare expenses, A family may deduct 24% o...

A family may deduct 24% of their childcare expenses from their income tax owed. If a family had $1,345 in childcare expenses, how much can they deduct? Find out 24% of $1,345 b

Method of cylinders or method of shells, Method of cylinders or method of s...

Method of cylinders or method of shells The formula for the area in all of the cases will be,                                                        A = 2 ∏ ( radius ) (heig

Area related to circles, railway tunnel of radius 3.5 m and angle aob =90 f...

railway tunnel of radius 3.5 m and angle aob =90 find height of the tunnel

Write down the equation of the line, Write down the equation of the line wh...

Write down the equation of the line which passes through the points (2, -1, 3) and (1, 4, -3).  Write all three forms of the equation of the line. Solution To do the above

Concept, uses of maths concept

uses of maths concept

Binary, how to divide a binaries

how to divide a binaries

Determine the domain and range of function, Determine the domain of each of...

Determine the domain of each of the following functions.                         f( x ) = x - 4 / x 2 - 2 x -15 Solution With this problem we have to avoid division by

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