Question: b) UNIT NAME: STATISTICS OCTOBER 2021 ASSIGNMENT I . A random sample of 50 auto drivers insured with a company and having similar auto insurance

 b) UNIT NAME: STATISTICS OCTOBER 2021 ASSIGNMENT I . A random

b) UNIT NAME: STATISTICS OCTOBER 2021 ASSIGNMENT I . A random sample of 50 auto drivers insured with a company and having similar auto insurance policies was selected. The following data shows monthly auto insurance premium (in Kshs.000) paid by them. 54 40 45 20 60 30 35 40 55 73 20 45 60 45 25 14 30 25 18 35 25 45 59 25 27 39 50 56 20 25 30 30 41 56 48 45 25 35 60 55 48 38 34 60 60 64 Construct a frequency distribution table for the data using discontinuous classes. Use the table to calculate: i. Mean monthly premium paid (Use the provisional mean method) ii. The standard deviation. iii. Quartile deviation. iv. The mode. 15 56 25 60

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!