Question
The mean of 36 numbers was found as 42. Later on, it was
determined that a number 47 was misread as 41. Find the correct mean of the given numbers (rounded off to two places of decimal).Solution
ATQ, The original sum of the numbers was 42×36 =1512. The number 47 was misread as 41, so the sum is 6 less than it should be. To correct it, add 6 to the sum: 1512+6 = 1518. Divide the corrected sum by 36 to find the new mean: 1518÷36 = 42.17. So, the correct mean is 42.17.
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2: ...
When exchange rate in terms of domestic currency rises:-
Refer to the below table and calculate the NNPmp
The histogram above represents the lifespan of a random sample of a particular type of insect.
Determine the relationship between the mean and me...
The two regression lines are 6X+4Y=52 and 12X+6Y=62. Find the correlation coefficient.
...With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements:
- It is the flagship scheme of ...
An increase in the international reserves of an economy indicates thatÂ
The coefficient of correlation between two variables X and Y is 0.6 .
The covariance between X and Y is 30 .
The variance of X is 25 .
...