The table below presents the frequency distribution of monthly sales revenue (in ) recorded by a sample of retail traders in a urban commercial center:
| Sales Revenue () | Number of Traders () |
|---|---|
| 10 �� 19 | 8 |
| 20 – 29 | 12 |
| 30 – 39 | 16 |
| 40 – 49 | 10 |
| 50 – 59 | 4 |
Calculate the estimated median sales revenue (in ) for the traders.
Cevap: 32.63 ₦'000
Cevap
The estimated median sales revenue is 32.63 thousand Naira ().
To calculate the median of grouped data, determine the total frequency () and the median position (). The cumulative frequency distribution shows that the observation falls within the interval. Using the lower class boundary , cumulative frequency of prior classes , median class frequency , and class length , the formula yields , which equals when rounded to two decimal places.
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Grouped Data Median Calculation