Math Problem Statement
In 500 small scale units, the return on investment ranged from 0 to 30 per cent, no unit sustaining any loss. Five per cent of the units had returns ranging from zero per cent to 5 per cent, 15 per cent of the units earned returns between 5 per cent and 10 per cent. The median rate of return was 15 per cent and the upper quartile was 20 per cent. The uppermost layer of returns of 25—30 per cent was earned by 50 units. Put this information in the form of a frequency table and find the rate of return around which there is maximum concentration of units.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Frequency Distribution
Percentages
Formulas
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Theorems
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Suitable Grade Level
Undergraduate level
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