The following data give the hourly wage rates (Rands) for a sample of 20 workers selected from a large company. 12.50 9.45 13.85 7.25 8.70 14.60 11.75 14.50 10.80 12.45 7.50 15.90 9.75 11.50 13.30 6.25 15.50 12.80 5.35 9.50 (vi) Draw an OGIVE curve corresponding to the data and use it to estimate the median.

The following data give the hourly wage rates (Rands) for a sample of 20 workers selected from a large company. 12.50 9.45 13.85 7.25 8.70 14.60 11.75 14.50 10.80 12.45 7.50 15.90 9.75 11.50 13.30 6.25 15.50 12.80 5.35 9.50 (vi) Draw an OGIVE curve corresponding to the data and use it to estimate the median.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter8: Cost Analysis

Section: Chapter Questions

Problem 9E

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