The price of the ordinary N25 shares of Manco plc quoted on the Stock Exchange at the close of business on successive Fridays is tabulated below:Answer the following:(c) By constructing the ogive, estimate the median value, lower quartile andupper quartile values.(d) Find the modal group and the mode of the data. With solution please. Practice question1The price of the ordinary N25 shares of Manco plc quoted on the Stock Exchangeat the close of business on successive Fridays is tabulated below:126120122105129119131138125127113112130122134136128126117114120123127140124127114111116131128137127122106121116135142130

Given data indicates the rice of the ordinary N25 shares of Manco plc quoted on the Stock Exchange…

Answered: The price of the ordinary N25 shares of…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.4: Exponential And Logarithmic Equations

Problem 11ECP: In Example 11, during which year did the sales reach $180 billion?

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The price of the ordinary N25 shares of Manco plc quoted on the Stock Exchange at the close of business on successive Fridays is tabulated below: Answer the following: (c) By constructing the ogive, estimate the median value, lower quartile and upper quartile values. (d) Find the modal group and the mode of the data. With solution please.

Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.

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