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

Show that the ratio of the volume of the sphere, A sphere and a cube have e...

A sphere and a cube have equal surface areas. Show that the ratio of the volume of the sphere to that of the cube is √6 : √π. Ans:    S.A. of sphere = S.A of cube    4π r 2

Multiples, The sum of the smallest and largest multiples of 8 up to 60 is?

The sum of the smallest and largest multiples of 8 up to 60 is?

Solve sin (3t ) = 2 trig function, Solve sin (3t ) = 2 . Solution T...

Solve sin (3t ) = 2 . Solution This example is designed to remind you of certain properties about sine and cosine.  Recall that -1 ≤ sin (θ ) ≤ 1 and -1 ≤ cos(θ ) ≤ 1 .  Th

Compute the probability of weather, Analysis of questionnaire completed by ...

Analysis of questionnaire completed by holiday makers showed that 0.75 classified their holiday as excellent at Malindi. The probability of hot weather in the resort is 0.6.  If th

Illustrate exponential distribution, Q. Illustrate Exponential Distribution...

Q. Illustrate Exponential Distribution? Ans. These are two examples of events that have an exponential distribution: The length of time you wait at a bus stop for the n

Jordan needs help, carlie is now fivetimes as old as henry. in nine years ...

carlie is now fivetimes as old as henry. in nine years her age will be twice henry''s age then. how old is carly now

Equation: 4x^4+9x^4=64 , If 4x^4+9x^4=64 then the maximum value of x^2+y^2 ...

If 4x^4+9x^4=64 then the maximum value of x^2+y^2 is solution) From the eq. finding the value of x^2 and putting it in x^2 + y^2.we get 2nd eq. differentiating that and putting

Articulate reasons and construct arguments, By such interactions children l...

By such interactions children learn to articulate reasons and construct arguments. When a child is exposed to several interactions of this kind, she gradually develops the ability

Marvin helping teachers plan trip what is the minimum no, Marvin is helping...

Marvin is helping his teachers plan a ?eld trip. There are 125 people going on the ?eld trip and each school bus holds 48 people. What is the minimum number of school buses they wi

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