Explain the direct and shortcut method of discrete series for calculating arithmetic mean with example.
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Direct method :-
Formula
Ex :-
Table →
Wages ( X). = 10 ; 20 ; 30 ; 40 ; 50
No. of workers (f) = 4. ; 5 ; 3. ; 2. ; 5
Multiple ( fx ) = 40 ; 100 ; 90 ; 80 ; 250
Sum (fx ) = 560
sum (f) = 19
Shortcut method
Formula
Taking 1st examples table again
Deviation
Let A = 30
( d = x-A) = -20 ; -10 ; 0 ; 10 ; 20
Multiple (fd)= -80. ; -50 ;0.;20. ;100
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