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Get Answers to all your Questions
3. 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 |
|
|
|
Mean of monthly wages |
|
|
|
Variance of the distribution of wages |
|
(i) Which firm A or B pays larger amount as monthly wages?
Answers (1)
Given, Mean of monthly wages of firm A = 5253
Number of wage earners = 586
Total amount paid = 586 x 5253 = 30,78,258
Again, Mean of monthly wages of firm B = 5253
Number of wage earners = 648
Total amount paid = 648 x 5253 = 34,03,944
Hence firm B pays larger amount as monthly wages.
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