a. Number of classes (K) = 1 + 3.

33LoGn
=1 +3.33Log33
=6.0567
=7

b. Class width = Highest (H) –Lowest (L)

Number of classes (k)

= 792-256
7

= 76.5714

= 77
I. A frequency distribution showing the daily toll fee collections on toll gates in Zimbabwe during December 2016.

Class Tally F1 M1 C.f1 F1Log M1 F1M1 f1 M1 ---x F1 (M1 --- x)2

limits
256 –382 IIII I 6 294 6 14.81.8101 1764 952.0002 151050.7302

333-409 IIII III 8 371 14 20.555 2968 653.3336 53355.5992

410-486 IIII IIII 9 448 23 23.8615 4032 42.0003 196.0029

487-563 IIII 4 525 27 10.8806 2100 289.3332 20928.4252

564-640 I 1 602 28 2.7796 602 149.3333 22300.4345

641-717 IIII 4 679 32 11.3275 2716 905.3332 204907.0508

718-794 I 1 756 33 2.8785 756 303.3333 92011.0909

33 87.0928 14938 3294.667 544749.3337

Key:

F1 - represents frequency
M1 -represents Midpoint
C.f1 -represents cumulative frequency
X -represents the arithmetic mean

-represents the absolute value of a complex number

II.

Daily toll fee collections of toll gates in zimbabwe during December 2016
10
9
8
7
6
5
4
3
2
1
0
256-332 333-409 410-486 487-563 564-640 641-717 718-794

Daily toll fee collections of toll gates in zimbabwe during December 2016

Key:
Vertical Axis -Frequency
Horizontal Axis -Class limits (Daily toll fee collections)

III. Ẋ = ∑ F1M1
n
= 14938
33

= 452.6667

IV. Median = L0 + n/2 - C.fpc W

fmc
= 410 + [(16.5-140)/9] 77
 = 431.3889
V. Mode = Lo + f1 - f 0 w
2f1 - f2 - f0

= 410 + 9 - 8 77
2(9) - 4 - 8

= 422.8333

VI. Mean Absolute deviation(MAD) = ∑f X1 - x

n

= 3294.667
33

= 99.8384

Comment
The observation from MAD means that the daily toll fee collections of December toll
gates in Zimbabwe in 2016 deviate by an average of 99.9384 from the mean of 452.6667

VII. Variance( ∂2) = ∑ f1 (X1 - X)2

= n–1

= 544749.3337
33 - 1

= 17023.4167

VIII. Standard deviation (∂) = (√∂2)

= 130.4738

COMMENT
 This means that the daily toll fee collections of December toll gates in
Zimbabwe deviate by an average of 130.4738 from the mean of 452.6667

IX. Lower quartile (LQ) = 1 (n + 1)th = 8.5th

4
= 356 + 0.50(365-356)

= 360.50

Comment
This means that 25% of the observations are below 360.50 i.e.
(8/33)*100=24.2424%≈25%

X. 77th percentile of toll fee collections(Pt ) = Pt (n + 1)

100

XI. = 77(33+1)
100

26.18t

544+0.18(545-544)

544.18

Comment
77% of the daily toll fee collections of Zimbabwean December 2016 toll gates
falls on or below 544.18
XII. 4th decile of toll fee collections

D= i (n+1)
10
= 4(33+1)
10

= 13.6t

= 400 + 0.6(408-400)

= 404.80

Comment
40% of the daily toll fee collections of Zimbabwean December 2016 toll gates
falls below 404.80
FACULTY ` COMMERCE

DEPPARTMENT ACCOUNTING AND FINANCE

COURSE QUANTITATIVE ANALYSIS FOR

BUSINESS (COAF 1102)

NAME FUNNY NYONI

REG NUMBER LO172088X

FORMAT BLOCK

LEVEL 1:1

LECTURER MR. N. MUGUMISI

DUE DATE 04 AUGUST 2017