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ANDHRA PRADESH
Name : Dr. G.R. JYOTHI
Designation : Lecturer
Branch : D.C.C.P
Institute : SGMGPT, Abdullahpurmet
Year/Semester : III Semester
Subject : Quantitative Techniques-I
Subject Code : CCP-303
Topic : Arithmetic Mean (A.M)
Sub-Topic : Calculation of Weighted A.M.
Presentation Duration : 50 Minutes
Teaching Aids used : PPT and Animations
CCP303.25 1
Objectives
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Recap
Individual Series
A.M.- Direct method = ∑X/N
- Short-cut Method = A + ∑d/N
Discrete Series
A.M. - Direct Method = ∑fX/N
- Short-cut Method = A + ∑fd/N
CCP303.25 3
Recap contd..
Continuous Series
A.M. - Direct method = ∑fm/N
CCP303.25 4
Weighted Arithmetic Mean
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Formula
Xw = ∑wx
∑w
Where Xw = Weighted arithmetic mean
x = variable
w = weight
∑wx = Total of the product of weights and variables
∑w = Total of weights
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Calculation of Weighted Arithmetic Mean
Steps:
Multiply the weights by the variable x
Obtain the total i.e. ∑wx
Divide this total by the sum of weights i.e., ∑w to
obtain the exact weighted arithmetic mean
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Example 1:
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Solution
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Solution contd..
Xw = ∑wx
∑w
Here ∑wx = 106000, ∑w = 350, then
Weighted Arithmetic Mean = 106000/350
= 302.86
Weighted Arithmetic Mean = Rs. 302.86
CCP303.25 10
Typical Problems - Arithmetic Mean
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Solution
First rewrite the given data in ascending order
and then calculate the mean
A=27.5
CALCULATION OF MEAN MARKS C=5
CCP303.25 12
Solution contd..
CCP303.25 14
Solution
Hint: Obtain frequencies by multiplying
number of firms with average no. of workers:
CALCULATION OF AVERAGE SALARY PAID Mid point
CCP303.25 16
Summary
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QUIZ
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Assignment
CCP303.25 20