Example 8: Finding the Median of Grouped Data
In this example, we are given a frequency distribution with multiple class intervals, and we are tasked with finding the median value when the total number of observations equals 100. This problem demonstrates the application of the median formula for grouped data, which involves cumulative frequencies and identifying the median class.
As we progress through the example, we identify crucial variables: the lower limit of the median class (l), the cumulative frequency (cf) of the class preceeding the median class, the frequency (f) of the median class, and the total number of observations (n). Using these elements, we implement the median formula:
$$ Median = l + \frac{n/2 - cf}{f} \times h $$
In doing so, we observe that the selected median class (500 - 600) provides relevant insights into the distribution of the data, revealing the statistical behavior and facilitating a more precise understanding of the dataset.