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Pocket money received by 7 students is g...

Pocket money received by 7 students is given below
Rs 24, Rs 22, Rs 30, Rs 28, Rs 32, Rs 26, Rs 34
Find the range, mean and median of the data

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The correct Answer is:
To solve the problem, we will find the range, mean, and median of the pocket money received by 7 students. The amounts are as follows: Rs 24, Rs 22, Rs 30, Rs 28, Rs 32, Rs 26, and Rs 34. ### Step 1: Arrange the data in ascending order First, we need to arrange the given amounts in ascending order. **Ascending Order:** - Rs 22 - Rs 24 - Rs 26 - Rs 28 - Rs 30 - Rs 32 - Rs 34 ### Step 2: Find the Range The range is calculated by subtracting the minimum value from the maximum value. **Calculation:** - Maximum value = Rs 34 - Minimum value = Rs 22 **Range = Maximum - Minimum** Range = Rs 34 - Rs 22 = Rs 12 ### Step 3: Find the Mean The mean is calculated by taking the sum of all observations and dividing it by the number of observations. **Calculation:** - Sum of observations = Rs 22 + Rs 24 + Rs 26 + Rs 28 + Rs 30 + Rs 32 + Rs 34 - Sum = Rs 196 - Number of observations = 7 **Mean = Sum of observations / Number of observations** Mean = Rs 196 / 7 = Rs 28 ### Step 4: Find the Median To find the median, we use the formula for the median when the number of observations (n) is odd. The median is the value at the (n + 1) / 2 position. **Calculation:** - Number of observations (n) = 7 - Position of median = (7 + 1) / 2 = 4th term From our arranged data: 1. Rs 22 2. Rs 24 3. Rs 26 4. Rs 28 (4th term) 5. Rs 30 6. Rs 32 7. Rs 34 **Median = Rs 28** ### Final Answers: - **Range:** Rs 12 - **Mean:** Rs 28 - **Median:** Rs 28 ---
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