Find the mean salary of 60 workers of a factory from the following table:
Solution:
Mean=Sum of observations/Total number of observations Or Mean=Σfixi/Σfi f1+f2+…+f8=16+12+10+8+6+4+3+1 x1+x2+…+x8=3000+4000+5000+… f1x1+f2x2+…=3000×16+4000×12+… Mean=305000/60=5083.33