Question

the monthly income of 7 household in a village are 1200,1500,1400,1000,1000,1600,10000 1.find the meadian income of the house holds 2.if one more household with monthly income of rs.1500 is added , what will the median income be?

Answer 1

Arrange in ascending order:

1000,1000,1200,1400,1500,1600,10000

median income i.e mid value = 1400

If one more household with monthly income 1500 is added

then,

1000,1000,1200,1400,1500,1500,1600,10000

=(1400+1500)/2

=2900/2

=1450

therefore the median income will be 1450