The monthly income of 100 families are given as below: Income in (₹) Number of families 0 – 5000 8 5000 – 10000 26 10000 – 15000 41 15000 – 20000 16 20000 – 25000 3 25000 – 30000 3 30000 – 35000 2 35000 – 40000 1 Calculate the modal income.
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Given : The monthly income of 100 families
To Find : the modal income.
Solution:
0 – 5000 8
5000 – 10000 26
10000 – 15000 41
15000 – 20000 16
20000 – 25000 3
25000 – 30000 3
30000 – 35000 2
35000 – 40000 1
Max frequency 41 of group = 10000 – 15000
Modal Income = 10000 + 5000 * (41 - 26) / ( 41 - 26 + 41 - 16)
= 10000 + 5000 * 15 / 40
= 10000 + 1875
= 11875
the modal income. = 11875
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