The formula that is used for the purpose of finding the mode of grouped or non-grouped data is called the formula for mode and the value of the observation with the maximum frequency is called mode. The formula for calculating mode is mentioned below:...
Modal class or the mode class is the class interval in a frequency distribution table that contains the highest frequency. While calculating the mode in statistics, modal class plays a significant role especially while calculating the mode of grouped data. Let us learn more about the modal class...
Mean, one of the important and most commonly used measures of central tendency is the average or a calculated central value of a set of numbers. The process of calculating the mean is different based on the type of data (grouped or ungrouped data). ...
where {eq}X_{i} {/eq} are the data points, {eq}X_{m} {/eq}, is the median, and {eq}n {/eq} is the number of observations. The median of the grouped data is obtained for n observations by arranging the data in its ascending order. Then, Median{eq}=\frac{n}{2}^{th} ...
Calculating activity index of constituents requirs the global analysis of the fractions from TCM formulae, not just the active fractions, which is different from the traditional activity-guided method that only focuses in active fractions. The results indicated that the approach was efficient and ...
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Answer to: Given a normally distributed variable (x), the formula: z = (x - mu) / sigma can be used to determine the z-score for a given value of...
Know about assumed mean method, formula, questions and solved examples online. Find the mean by assumed mean method for the given data.
Median Formula for Grouped DataWhen the data is continuous and in the form of a frequency distribution, the median is calculated through the following sequence of steps.Step 1: Find the total number of observations(n). Step 2: Define the class size(h), and divide the data into different ...
The best way that a company can benefit is by consistently calculating its average collection period and using it over time to search fortrendswithin its own business. The average collection period may also be used to compare one company with its competitors, either individually or grouped together...