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Calculate P15 For The Following Data Investment ( in Lakh

The document provides data on the number of firms in different investment ranges in lakhs of rupees. It then calculates the 15th percentile (P15) from the given data. P15 refers to the value below which 15% of the observations may be found.

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David Oba Olayiwola
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247 views6 pages

Calculate P15 For The Following Data Investment ( in Lakh

The document provides data on the number of firms in different investment ranges in lakhs of rupees. It then calculates the 15th percentile (P15) from the given data. P15 refers to the value below which 15% of the observations may be found.

Uploaded by

David Oba Olayiwola
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Sum

Solve the following :

Calculate P15 for the following data

Investment (₹ in lakhs) 0-10 10-20 20-30 30-40 40-50 50-60

No. of firms 5 10 25 30 20 10

SOLUTION

Investment (₹ in lakhs) No. of firms cf


Investment (₹ in lakhs) No. of firms cf

0-10 5 5

10-20 10 15

20-30 25 40

30-40 30 70

40-50 20 90

50-60 10 100

N = 100

n th
P3 = Size of 15( ) observation
100
th
100
= Size of 15( ) observation
100

= Size of 15(1)th observation

= Size of 15th observation

= Size of 15th observation lies in cf 15

Hence, percentile class = 10-20

L = 10, f = 10, cf = 5, n = 100, h = 10

( 15n
100 − cf)
P15 = L + ×h
f
(
15(100)
100 − 5)
P15 = 10+ × 10
10
HSC Science
( 1500
(Computer Science) − 5) Bank Solutions
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P15 = 10 +
11th × 10
P15 = 10 +
10
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(15 − 5)
P15 = 10 + × 10 why create a profile on Shaalaa.com?
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(10) 2. Inform you about new question papers.


P15 = 10 + × 10 3. New video tutorials information.
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100
P15 = 10 +
10
P15 = 10 + 10

P15 = 20

Chapter 3: Partition Values - Exercise Q.4 [Page 23]

Q5 Q6 Q1

Concept: Percentiles

Report Error Is there an error in this question or solution?

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Balbharati Economics 11th Standard HSC Maharashtra State Board


Chapter 3 Partition Values
Exercise Q.4 | Q 6 | Page 23
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