The following frequency distribution shows the daily sales (in thousands RM) of sample of 50 retail stores. Daily sales (RM’000) 10 to but less than 20 20 to but less than 30 30 to but less than 40 40 to but less than 50 Frequency 4 10 17 9. 50 to but less than 60 10 (i) Calculate the mean and the standard deviation. (ii) Compute the median and interpret the value. (iii) Find the coefficient of skewness and comment on the shape of the distribution.

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The following frequency distribution shows the daily sales (in thousands RM) of sample of
50 retail stores.
Daily sales (RM000)
Frequency
10 to but less than 20
4
20 to but less than 30
10
30 to but less than 40
17
40 to but less than 50
9.
50 to but less than 60
10
(i)
Calculate the mean and the standard deviation.
(ii)
Compute the median and interpret the value.
(iii)
Find the coefficient of skewness and comment on the shape of the distribution.
Transcribed Image Text:The following frequency distribution shows the daily sales (in thousands RM) of sample of 50 retail stores. Daily sales (RM000) Frequency 10 to but less than 20 4 20 to but less than 30 10 30 to but less than 40 17 40 to but less than 50 9. 50 to but less than 60 10 (i) Calculate the mean and the standard deviation. (ii) Compute the median and interpret the value. (iii) Find the coefficient of skewness and comment on the shape of the distribution.
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