The annual profits earned by $30$ shops of a shopping complex in a locality give rise to the following distribution:
Profit (Rs in lakhs)Number of shops (frequency)
More than or equal to $5$$30$
More than or equal to $10$$28$
More than or equal to $15$$16$
More than or equal to $20$$14$
More than or equal to $25$$10$
More than or equal to $30$$7$
More than or equal to $35$$3$

Draw both ogives for the data above. Hence,obtain the median profit.

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(17.5) To draw the 'more than' ogive,we plot the points $(5, 30), (10, 28), (15, 16), (20, 14), (25, 10), (30, 7),$ and $(35, 3)$ on a graph where the horizontal axis represents the lower limits of profit and the vertical axis represents the cumulative frequency. We join these points with a smooth curve.
Next,we convert the given data into a frequency distribution table:
Classes$5-10$$10-15$$15-20$$20-25$$25-30$$30-35$$35-40$
No. of shops$2$$12$$2$$4$$3$$4$$3$
Cumulative frequency$2$$14$$16$$20$$23$$27$$30$

To draw the 'less than' ogive,we plot the points $(10, 2), (15, 14), (20, 16), (25, 20), (30, 23), (35, 27),$ and $(40, 30)$ on the same axes.
The abscissa of the point of intersection of the two ogives gives the median. From the graph,the point of intersection is at $x = 17.5$. Therefore,the median profit is $Rs. 17.5$ lakhs.

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Total$60$

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