Monthly incomes of five families are given below. Calculate mean by Short Cut Method.
6550, 7550,9550, 4550 and 8000.
Calculation of A. M. by Short Cut Method:
S. No. |
Montly Income X |
Deviation from |
1 2 3 4 5 |
6550 7550 9550 4550 800 |
1000 2000 4000 -1000 2450 |
Σd = 8450 |