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Q3:

A life insurance agent found the following data for distribution of ages of 100 policy holders. Calculate the median age, if policies are given only to persons having age 18 years onwards but less than 60 year. 

 

Solution :

Given: The frequency distribution of ages of 100 policy holders, provided as a cumulative frequency table (less than type):

Age (years)Number of policy holders (Cumulative Frequency)
Below 202
Below 256
Below 3024
Below 3545
Below 4078
Below 4589
Below 5092
Below 5598
Below 60100

To Find: The median age of the policy holders.

Step 1: Convert the cumulative frequency distribution into a standard frequency distribution table.

To calculate the median, we need the class intervals and their corresponding frequencies ($f_i$).

Class IntervalFrequency ($f_i$)Cumulative Frequency ($cf$)
15-2022
20-256 - 2 = 46
25-3024 - 6 = 1824
30-3545 - 24 = 2145
35-4078 - 45 = 3378
40-4589 - 78 = 1189
45-5092 - 89 = 392
50-5598 - 92 = 698
55-60100 - 98 = 2100
Total$N = 100$-

Step 2: Identify the median class.

The total number of observations is $N = 100$.

We calculate $\frac{N}{2} = \frac{100}{2} = 50$.

Looking at the cumulative frequency column, the first cumulative frequency greater than 50 is 78, which corresponds to the class interval 35-40.

Therefore, the median class is 35-40.

Step 3: Apply the Median Formula.

The formula for the median of a grouped frequency distribution is:

$\text{Median} = l + \left( \frac{\frac{N}{2} - cf}{f} \right) \times h$

Where:

  • $l$ (lower limit of median class) = $35$
  • $N$ (total frequency) = $100$
  • $cf$ (cumulative frequency of the class preceding the median class) = $45$
  • $f$ (frequency of the median class) = $33$
  • $h$ (class size) = $40 - 35 = 5$

Step 4: Perform the calculation.

Substitute the values into the formula:

$\text{Median} = 35 + \left( \frac{50 - 45}{33} \right) \times 5$

$\text{Median} = 35 + \left( \frac{5}{33} \right) \times 5$

$\text{Median} = 35 + \frac{25}{33}$

$\text{Median} = 35 + 0.7575...$

$\text{Median} \approx 35.76$

Final Answer: The median age of the policy holders is 35.76 years.


More Questions from Class 10 Mathematics Statistics EXERCISE 13.3


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