Based on the information given, identify which year saw the most number of companies earning more than Rs. 40 lakhs in revenue?

$\begin{matrix} ↓ Y e a r / \to R e v e n u e (i n l a k h s) & 0 - 20 & 20 - 40 & 40 - 60 & 60 - 80 1971 & 3 & 4 & 2 & 1 1981 & 5 & 7 & 4 & 3 1991 & 10 & 8 & 7 & 4 2001 & 12 & 10 & 17 & 10 2011 & 8 & 12 & 18 & 8 \end{matrix}$

1981

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2011

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2001

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1991

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Solution

The correct option is C 2001
We take the sum of the frequency or the number of companies that have earned a revenue in the intervals 40-60 lakhs and 60-80 lakhs across all the years from 1971 to 2011.

1971 = 2+1 = 3
1981 = 4+3 = 7
1991 = 7+4 = 11
2001 = 17+10 = 27
2011 = 18+8 = 26

2001 has the greatest number of companies (27) with a revenue more than 40 lakhs.

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Based on the information given, identify which year saw the most number of companies earning more than Rs. 40 lakhs in revenue? ↓Year / →Revenue(in lakhs)0−2020−4040−6060−8019713421198157431991108742001121017102011812188