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Mathematics

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.

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

Statistics

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Answer

Cumulative frequency distribution table is as follows :

Age (in years)Cumulative frequencyFrequency
18 - 2022
20 - 2566 - 2 = 4
25 - 302424 - 6 = 18
30 - 354545 - 24 = 21
35 - 407878 - 45 = 33
40 - 458989 - 78 = 11
45 - 509292 - 89 = 3
50 - 559898 - 92 = 6
55 - 60100100 - 98 = 2

Here, n = 100, n2=50\dfrac{n}{2} = 50.

Cumulative frequency just greater than 50 is 78, belonging to class-interval 35 − 40.

Therefore, median class = 35 - 40

⇒ Class size (h) = 5

⇒ Lower limit of median class (l) = 35

⇒ Frequency of median class (f) = 33

⇒ Cumulative frequency of class preceding median class (cf) = 45

By formula,

Median = l+(n2cff)×hl + \Big(\dfrac{\dfrac{n}{2} - cf}{f}\Big) \times h

Substituting values we get :

Median =35+504533×5=35+2533=35+0.76=35.76\Rightarrow \text{Median } = 35 + \dfrac{50 - 45}{33} \times 5 \\[1em] = 35 + \dfrac{25}{33} \\[1em] = 35 + 0.76 \\[1em] = 35.76

Hence, median age = 35.76 years.

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