Question

The manager of a departmental store compiled information on 200 accounts receivable which were delinquent. For each account he has noted the number of 
days passed after the due date. He then grouped the data as shown in the  following frequency distribution. Determine the median using two methods. 

No. of days passed after due date 30-44 45-59 60-74 75-89 90-104 105-119 120-134
No. of
Accounts
40 45 40 25 25 20 5
07 Mar 2024
Answer :
Word Count : 583

To determine the median for the given frequency distribution, we can use two methods: the direct method and the cumulative frequency method.

Given information:
- Total number of accounts = 200
- Frequency distribution of the number of days passed after the due date.

Method 1: Direct Method

In the direct method, we arrange the data in ascending order and determine the position of the median.

Step 1: Calculate the cumulative frequencies for each class interval.

Class Interval | Frequency | Cumulative Frequency
---------------+------------+----------------------
    30-44      |     40     |         40
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