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An anaoysis of the weekly wages paid to workers in two firms A and B, belonging to the same industry gives the following results: Firm AFirm BAverage weekly wages586648Average weekly wagesRs.52.5Rs.47.5Variance of the distribution of wages100121 (i) Which firm A or B pays out larger amount as weekly wages ? (ii) Which firm A or B has greater variability in individual wages ? |
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Answer» An anaoysis of the weekly wages paid to workers in two firms A and B, belonging to the same industry gives the following results: Firm AFirm BAverage weekly wages586648Average weekly wagesRs.52.5Rs.47.5Variance of the distribution of wages100121 (i) Which firm A or B pays out larger amount as weekly wages ? (ii) Which firm A or B has greater variability in individual wages ? |
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