Math Problem Statement

histogram showing the actual frequency of the closing prices on the stock exchange of a particular stock. from the histogram the class containing the 80th percentile is

Solution

To determine the class containing the 80th percentile from the histogram, we can follow these steps:

1. Calculate the Total Frequency:

Add up the frequencies of all the classes.

From the histogram:

  • 10-20: 8
  • 20-30: 12.5
  • 30-40: 7.5
  • 40-50: 3
  • 50-60: 2
  • 60-70: 1
  • 70-80: 1

Total Frequency=8+12.5+7.5+3+2+1+1=35\text{Total Frequency} = 8 + 12.5 + 7.5 + 3 + 2 + 1 + 1 = 35

2. Determine the 80th Percentile Position:

Calculate the position in the data set corresponding to the 80th percentile.

80th Percentile Position=0.8×35=28\text{80th Percentile Position} = 0.8 \times 35 = 28

3. Identify the Class Containing the 28th Data Point:

  • First class (10-20): Cumulative frequency = 8
  • Second class (20-30): Cumulative frequency = 8 + 12.5 = 20.5
  • Third class (30-40): Cumulative frequency = 20.5 + 7.5 = 28

The 28th data point falls within the cumulative frequency of the third class (30-40).

Answer:

The class containing the 80th percentile is (C) 30-40.


Would you like more details or have any questions? Here are some related questions:

  1. What is the 50th percentile (median) class from the histogram?
  2. How do you interpret the percentile rank in a distribution?
  3. How do you determine the interquartile range (IQR) from a histogram?
  4. What are some common mistakes when interpreting percentiles in histograms?
  5. How can you use cumulative frequency to find other percentiles?

Tip: When calculating percentiles from a histogram, always ensure you correctly sum the frequencies and calculate the cumulative frequencies accurately.

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Math Problem Analysis

Mathematical Concepts

Statistics
Percentiles
Cumulative Frequency

Formulas

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Theorems

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Suitable Grade Level

High School