The age distribution of 100 life-insurance policy holders is as follows :
Calculate the mean deviation from the median age.
Given, Numbers of observations are given.
To Find: Calculate the Mean Deviation
Formula Used: Mean Deviation =
Explanation.
Here we have to calculate the mean deviation from the median. So,
N = 96
SO, The cumulative frequency just greater than 48 is 59, and the corresponding value of x is 38.25
Median = 38.25
Mean Deviation =
Mean deviation for given data
Hence, The Mean Deviation is 10.21.