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Question

A life insurance agent found the following data for the distribution of ages of 100 policyholders. Calculate the median age, if policies are given only to persons having age 18 years onwards but lets than 60 years.
Age (in years)No. of policyholders (cf)
Below 202
Below 256
Below 3024
Below 3545
Below 4078
Below 4589
Below 5092
Below 5598
Below 60100

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Solution

Given the cumulative frequency distribution table convert into a frequency distribution table
Cumulative greater than n2=1002=50 is 78.
Median class is 35 - 40
l=35,h=5,f=33andcf=45
Median=l+⎢ ⎢ ⎢N2cff⎥ ⎥ ⎥×h
=35+⎢ ⎢ ⎢10024533⎥ ⎥ ⎥×5
=35+533×5
=35+0.76
=35.76
Median age is 35.76 years $

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