The average o two or more similar quantities is the quantity obtained by dividing the sum of the quantities by the number of quantities. Also, The average value of a quantity need not be the usual value of the quantity. It need not even be the value that occurs most often. For example, if three […]
Indices
Base and Index: If a real number is multiplied times in succession (where is a positive integer) then the product so obtained is called the -th power of and is written as (read as, to the power ). Thus, ….to factors. Here, is called the base of and is called the index or exponent […]
Different Type of Sets
Understanding type of sets examples. Finite Set, Infinite Set, Empty set, Singleton Set, Pair Set, Universal Set, Cardinal Number of a Set, Equivalent Sets, Subsets,Equal Sets
Partnership Business
When two or more persons agree to form an organization and run a business jointly, then such a business is called a partnership business. There are certain costs associated with any kind of business.
Measures of Central tendency: Mode
The fundamental definition of Mode is the most frequently occurring value of the variable, i.e. that value of the variable which occurs the maximum number of times in a data set.
Understanding Sets
What is a set? A set is a collection of well-defined and distinct objects. Every object of the collection forming a set is called a member or element of the set. When an object is a member of a set we say that the object belongs to the set. Any collection of objects is not […]
Average Due Date
If a party owes a number of payments to another, payable on different dates, it may like to pay a single lump sum payment in lieu of a number of payments such that there is no loss or gain to any party. The procedure of finding such a date is called equation of payments and the date found is called average due date.
Mathematical Induction
Induction begins by observations, and from observations we arrive at some tentative conclusions, conjectures. A conjecture may be true or false. The principle of mathematical induction helps us in proving some of these conjectures which are true.
Median for Discrete and Continuous Frequency Type Data (grouped data)
How to calculate the median for grouped frequency distribution of discrete variables as well as continuous variables.
Median for Frequency Type Data
How to calculate the median for frequency type data, i.e. data where each observation has a corresponding frequency of occurrence, i.e. the number of times that particular observation has occurred in our data.
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