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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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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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