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
2. Determine the 80th Percentile Position:
Calculate the position in the data set corresponding to the 80th percentile.
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:
- What is the 50th percentile (median) class from the histogram?
- How do you interpret the percentile rank in a distribution?
- How do you determine the interquartile range (IQR) from a histogram?
- What are some common mistakes when interpreting percentiles in histograms?
- 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
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