1.

An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results: Firm AFirm BNo. of wage earners586648Mean of monthly wagesRs.5253Rs.5253Variance of the distribution of wages100121 (i)Which firm spends larger amount as monthly wages? (ii)Which firm shows greater variability in individual wages?

Answer»

An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results:

Firm AFirm BNo. of wage earners586648Mean of monthly wagesRs.5253Rs.5253Variance of the distribution of wages100121

(i)Which firm spends larger amount as monthly wages?

(ii)Which firm shows greater variability in individual wages?



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