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Find out Q1 and Q3 using unemployment rates as numerical data: Year Unemployment Rate % 2009 3.75 2010 3.54 2011 3.53 2012 3.62 2013 3.46 2014 3.41 2015 3.49 2016 3.51 2017 3.52

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Question

Find out Q1 and Q3 using unemployment rates as numerical data:

Year Unemployment Rate %
2009 3.75
2010 3.54
2011 3.53
2012 3.62
2013 3.46
2014 3.41
2015 3.49
2016 3.51
2017 3.52
Numerical
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Solution

Year Unemployment Rate % Cumulative frequency (cf)
2009 3.75 3.75
2010 3.54 7.29
2011 3.53 10.82
2012 3.62 14.44
2013 3.46 17.9
2014 3.41 21.31
2015 3.49 24.8
2016 3.51 28.31
2017 3.52 31.83
  N = 31.83

Q1 = size of 1 `((n + 1)/4)^{th}` observation

Therefore,

Q1 = size of `((31.83 + 1)/4)^{th}` observation

Q1 = size of `(32.83/4)^{th}` observation

Q1 = size of 8.21th observation

size of 8.21th observation lies in cf 10.82. Thus, quartile value = Year 2011

Q3 = size of 3`((n + 1)/4)^{th}` observation

Therefore,

Q3 = size of 3`((31.83 + 1)/4)^{th}` observation

Q3 = size of 3(8.21)th observation

Q3 = size of (3 × 8.21)th observation

Q3 = size of 24.63th observation

size of 24.63th observation lies in cf 24.8. Hence, quartile value = Year 2015.

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Chapter 7: Unemployment in India - EXERCISE [Page 49]

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Balbharati Economics [English] Standard 11 Maharashtra State Board
Chapter 7 Unemployment in India
EXERCISE | Q 5. | Page 49
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