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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 A Firm B No. of wage earners 586 648 Mean of monthly wages Rs 5253 Rs 5253 Variance of the distribution of wages 100 121 (i) Which firm A or B pays larger amount as monthly wages? (ii) Which firm, A or B, 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 A Firm B No. of wage earners 586 648 Mean of monthly wages Rs 5253 Rs 5253 Variance of the distribution of wages 100 121 (i) Which firm A or B pays larger amount as monthly wages? (ii) Which firm, A or B, shows greater variability in individual wages? | |