The data given below shows the number of people who have saved a certain amount of money.
|
Savings (in Rs) |
Number of people |
| 5 | 1 |
| 15 | 3 |
| 20 | 4 |
| 25 | 2 |
| 30 | 1 |
| 35 | 1 |
| 40 | 2 |
What is the median of the given data?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs. 20
To find the median we need to arrange the data in ascending form
5,15 ,15, 15, 20, 20, 20, 20, 25, 25, 30, 35, 40, 40
Median = Middle term of data
Here total terms are even i.e 14 so,
Median = (7th term + 8th term)/2
Median = (20 + 20)/2 = 40/2 = 20