Answer :
Where N = total samples
C.F = Cumulative frequency of class preceding median class
f = Frequency of the median class
h = width of the Class interval
l = Lower limit of median class
(Note: The median class is the class under which observation falls)
, which falls in (10 – 15) which is now the median class
Putting necessary values in the formulae
= 10 + 3.421
= 13.421 thousand rupees
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