| University | Tunku Abdul Rahman University of Management and Technology (TAR UMT) |
| Subject | BAMS1743: Jan-2024- Quantitative Methods |
Question 1
The following frequency distribution shows the monthly spending amounts of 60 randomly chosen users of a popular e-wallet app.
a) State the variable of interest. Indicate whether this variable is a quantitative discrete, quantitative continuous, or qualitative variable.
b) Draw a “less than” ogive according to the data above.
c) Use the “less than” ogive to estimate
(i) the median and interpret your result.
(ii) the monthly spending exceeded by 30% of the users.
(iii) the quartile deviation.
d) Calculate the mean and the standard deviation of the above data.
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