Answer :
Answer:
[tex]\bar X = \frac{\sum_{i=1}^n x_i f_i}{n} = \frac{1220750}{500}=2441.5[/tex]
[tex] s= \sqrt{\frac{N \sum x^2 f -[\sum xf]^2}{N(N-1}}= \sqrt{\frac{500*3408029125 -[1220750]^2}{50*49}}=9341.2405[/tex]
Step-by-step explanation:
In order to find the mean and standard deviation we can create the following table:
Limits Frequency(f) x(midpoint) x*f x^2 *f
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0-499 9 249.5 2245.5 560252.3
500-999 13 749.5 9743.5 7302753
1000-1499 33 1249.5 41233.5 51521258.25
1500-1999 115 1749.5 201192.5 351986278.8
2000-2499 125 2249.5 281187.5 632531281.3
2500-2999 81 2749.5 222709.5 612339770.3
3000-3499 47 3249.5 152726.5 496284761.8
3500-3999 45 3749.5 168727.5 632643761.3
4000-4499 22 4249.5 93489 397281505.5
4500-4999 10 4749.5 47495 225577502.5
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Total 500 1220750 3408029125
We can calculate the mean with the following formula:
[tex]\bar X = \frac{\sum_{i=1}^n x_i f_i}{n} = \frac{1220750}{500}=2441.5[/tex]
And the standard deviation would be given by:
[tex] s= \sqrt{\frac{N \sum x^2 f -[\sum xf]^2}{N(N-1}}= \sqrt{\frac{500*3408029125 -[1220750]^2}{50*49}}=9341.2405[/tex]