The table below shows the income per month of borrowers and the percentage
of all mortgages as provided by Building Society Mortgages in the year 2000.
Income per month of borrowers
(Sh.)
Percentage of all
mortgages
Under 30,000
30,000
35,000
40,000
45,000
50,000
–
–
–
–
–
34,999
35,999
44,999
49,999
59,999
5
2
3
5
10
15

60,000
70,000
100,000
150,000 and
over
–
–
–
69,999
99,999
149,999
18
21
17
4
Required:
(i) Calculate some suitable measures of central tendency and dispersion and
comment on your results. (9 marks)
(ii) Explain with an example the value of descriptive statistics in the
accounting function. (3
marks)