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An analysis of monthly wages paid to wor...

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",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?

Text Solution

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The correct Answer is:
(i) B, (ii) B
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