This problem involves finding the accurate average (mean) marks of students when some initial data entries were incorrect. We are given the initial mean, the total number of students, and the specific values that were wrongly used and the values that should have been used instead.
The initial calculation used 100 students with a mean score of 45. The formula for the mean is:
$ \text{Mean} = \frac{\text{Sum of Observations}}{\text{Number of Observations}} $
From this, we can find the initial sum of marks:
$ \text{Sum}_{\text{initial}} = \text{Mean}_{\text{initial}} \times \text{Number of Students} $
Substituting the given values:
$ \text{Sum}_{\text{initial}} = 45 \times 100 = 4500 $
It was found that two marks were recorded incorrectly:
Let's calculate the sum of the incorrect values and the sum of the correct values:
The difference between the sum of the correct values and the sum of the incorrect values tells us how much the total sum should change:
$ \text{Difference} = \text{Sum}_{\text{correct}} - \text{Sum}_{\text{incorrect}} $
$ \text{Difference} = 104 - 50 = 54 $
This means the initial sum of marks was underestimated by 54.
To find the correct sum of marks, we adjust the initial sum by adding the difference:
$ \text{Sum}_{\text{correct}} = \text{Sum}_{\text{initial}} + \text{Difference} $
$ \text{Sum}_{\text{correct}} = 4500 + 54 = 4554 $
Now, we can calculate the correct mean using the correct sum and the total number of students (which remains 100):
$ \text{Mean}_{\text{correct}} = \frac{\text{Sum}_{\text{correct}}}{\text{Number of Students}} $
$ \text{Mean}_{\text{correct}} = \frac{4554}{100} = 45.54 $
The correct mean marks of the 100 students, after correcting the two wrongly entered values, is 45.54.
Choose the correct code for the following statements being correct or incorrect.
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Statement II : Raising debts requires credit rating and payment of interest even if companies suffer losses.
'That personal leverage can replace corporate leverage' is assumed by
The optimum capital structure is supported by which combination of the following ?
(i) Traditional theory
(ii) Net income theory
(iii) Pecking order theory
(iv) Net operating income theory
Choose the correct answer from the code given below:
Firms normally finance the working capital needs as per which combination of the following?
(i) Trade credit
(ii) Bank finance
(iii) Commercial papers
(iv) Factoring
Choose the correct answer from the code given below: