Statistics - Interpolation
Maths and statistics discussion, revision, exam and homework help.
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Statistics - Interpolation
I think this is the right place to post an AS Statistics question?
Hi,
Interpolation wasn't explained to me at all by my teacher, he just expects us to know
Anyway, could someone please "use interpolation to find an estimate for the median wage"?
Its from this table:

If it were possible, could you give a step by step method?
I know I'm asking so much, but I would literally love you forever...
If you can't be bothered to do it, maybe a few hints.
Thanks everyone
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Statistics - Interpolation
It's been a while since you posted and nobody's replied yet...maybe you should check out MarkedbyTeachers.com, TSR's sister site. It has the largest library of essays in the UK.
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Hopefully you'll find it useful
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Re: Statistics - Interpolation
It looks like the easiest way to tackle the question is by considering the cumulative distribution function (CDF). Then the given data would read: CDF(174) = 0, CDF(225)=4/65, CDF(300)=(4+8)/65, etc. Now you need to interpolate CDF and then find it's inverse from 0.5
Good luck