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CBSE Class 10 Maths (Basic) 2024 · Paper 430/4/1 · Question 36

Statistics 4 marks Very hard
Mutual Fund : A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in securities like stocks, bonds or other securities. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors. Net Asset Value (NAV) represents a fund's per share market value. It is the price at which the investors buy fund shares from a fund company and sell them to a fund company. The following table shows the Net Asset Value (NAV) per unit of mutual fund of ICICI mutual funds. Based on the above information, answer the following questions.
Net Asset Value (NAV) per unit of ICICI mutual funds
NAV (in Rs)Number of mutual funds
0 - 513
5 - 1016
10 - 1522
15 - 2018
20 - 2511
  1. (i)What is the upper limit of modal class of the data?[1]
  2. (ii)What is the median class of the data?[1]
  3. (iii)(a)What is the mode NAV of mutual funds?[2]
  4. (iii)(b)What is the median NAV of mutual funds?[2]

Answer

(i) The upper limit of the modal class is . (ii) The median class is 10–15. (iii)(a) The mode NAV is ₹. (iii)(b) The median NAV is ₹.

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