Household income of 31 houses has been given in the table.
Calculate the median income.
Monthly income (Rs)No. of households400003500007600008700005800005900003
The Cumulative Distribution can be calculated as :
Monthly income (Rs)No. of households(Cumulative)upto 400003upto 5000010upto 6000018upto 7000023upto 8000028upto 9000031
Since, there are 31 households, the Median will be given by the 16th household.
The 16th household has an income of Rs. 60000 according to the table.
∴ Median = Rs. 60000