Tablé 9.5 gives the distribution of 500 firms in an industry according to the sales volume. Calculate the arithmetic mean of the sales. TABLE 9.5 Sales in 000 rupees No. of firms 0- 500 3 500-1000 24 1000–1500 55 1500-2000 98 2000-2500 120 2500-3000 95 3000-3500 51 39 3500 4000 4000-4500 15

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9.9. Table 9.5 gives the distribution of 500 firms in
an industry according to the sales volume. Calculate the arithmetic
mean of the sales.
TABLE 9.5
Sales in ·000 rupees
No. of firms
0- 500
3
500-1000
24
1000–1500
55
1500-2000
98
2000-2500
120
2500-3000
95
3000-3500
51
3500 4000
39
4000-4500
15
Total 500
Transcribed Image Text:9.9. Table 9.5 gives the distribution of 500 firms in an industry according to the sales volume. Calculate the arithmetic mean of the sales. TABLE 9.5 Sales in ·000 rupees No. of firms 0- 500 3 500-1000 24 1000–1500 55 1500-2000 98 2000-2500 120 2500-3000 95 3000-3500 51 3500 4000 39 4000-4500 15 Total 500
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