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
Verified by Experts
The correct Answer is:
(i) B, (ii) B
Topper's Solved these Questions
STATISTICS
NCERT TAMIL|Exercise Miscellaneous Exercise On Chapter 15|7 Videos
STATISTICS
NCERT TAMIL|Exercise EXERCISE 15.2|3 Videos
SETS, RELATIONS AND FUNCTIONS
NCERT TAMIL|Exercise EXERCISE 1.5|25 Videos
STRAIGHT LINES
NCERT TAMIL|Exercise Miscellaneous Exercise on Chapter 10|24 Videos
Similar Questions
Explore conceptually related problems
An analysis of monthly wages paid to workers in two firms A and B , belonging to the same industry , gives the following results. (i) Which firm A or B pays out larger amount as monthly wages? (ii) Which firm A or B shows greater variability in individual wages?
Two plants A and B of a factory show following results about the number of workers and the wages paid to them. {:(,A,B),("No. of workers",5000,6000),("Average monthly wages","Rs 2500","Rs 2500"),("Variance of distribution of wages",81,100):} In which plant, A or B is there greater variability in individual wages?
The following values are calculated with respect to the wages of workers in two farms A and B. (i) Find the coeffcient of variation of farm A and farm B . (ii) Which farm shows more variability ? (iii) Which farm shows more consistency?