Find Arithmetic Mean by Assumed Mean Method

In calculating the mean of grouped data, grouped in classes of equal width, we may use the formula x¯=a ∑fidi∑fi where a is the assumed mean. a must be one of the mid-points of the classes - Mathematics | Shaalaa.com

Calculate the mean of the following distribution using Assumed Mean Method Class Interval 0 − 10 10 − 20 20 − 30 30 − 40 40 − 50 Frequency 5 7 15 28 8 - Mathematics | Shaalaa.com

To get these examples on Kelly & Sam, I assumed: -a 7% interest rate -they both had monthly debt of $450 -insurance of $2,200 a year -taxes of $6,250/yr These show the MAXIMUM you're likely to get approved for.. that doesn't mean it's recommended or what you SHOULD spend. Decide what you're comfortable spending FIRST... but this will show you what you *can* do! #RealEstate #realestateagent #coloradospringsrealtor #ColoradoSpringsRealEstateAgent #coloradospringsco #coloradospringshomes | Iryna Iv