Use the assumed-mean method to find the mean weekly wages from the data given below.Weekly Wages (in Rs.)8008208609009209801000No. of Workers714192520105
Let the assumed mean be A: 900
Now, we will prepare the following table:
Weekly Wages(xi)No. of workers(fi)di=xi−A=(xi−900)fidi8007−100−70082014−80−112086019−40−760900=A25009202020400980108080010005100500∑fi=100∑fidi=−880
Thus, we have:
Mean, ¯¯¯x=A+∑fidi∑fi
=900+(−880)100=900−8810=9000−8810=891210=Rs891.2