A life insurance agent found the following data for distribution of ages of 100 policyholders. Calculate the median age, if policies are given only to persons having age 18years onwards but less than 60 year
Age (in years) | Number of policy holders |
Below 20 Below 25 Below 30 Below 35 Below 40 Below 45 Below 50 Below 55 Below 60 | 2 6 24 45 78 89 92 98 100 |
the cumulative frequency can be calculated as:
Class intervals | Frequency | Cumulative frequency |
15-20 20-25 25-30 30-35 35-40 40-45 45-50 50-55 55-60 | 2 4 18 21 33 11 3 6 2 | 2 6 24 45 78 89 92 98 100 |
As per the question,
N=100
Hence,
Median class = 35-45
Cumulative frequency = 100
Lower limit, l = 35
cf = 45
f = 33
h = 5
Now,
Median can be calculated as:
= 35 +
= 35.75