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An analysis of monthly wages paid to the...

An analysis of monthly wages paid to the workers in two Firms. A and B belonging to the same industry gave the following results :
`{:("Particulars","Firm A","Firm B",),("Number of wage-earners",586,648,),("Average monthly wages","Rs.52.5","Rs.47.5",),("Variance of distribution of wages",100,121,):}`
(i) Which firm, A or B, pay out layer amount as monthly wages ?
(ii) In which firm A or B, is there greater variability in individual wages

Text Solution

Verified by Experts

The correct Answer is:
(i) firm B pays a larger amount as monthly wages.
(ii) there is greater variability in individual wages in Firm B
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