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The mean and S.D. of the income of the e...

The mean and S.D. of the income of the employers of two banks are as follows:

Compare the coefficient of variation of the income of the employees of the two banks.

Text Solution

Verified by Experts

For bank A
`barx_(1)=3200`
`sigma_(1)=160`
C.V. `=(sigma_(1))/(barx_(1))xx100=160/3200xx100=5`
For bank B
`barx_(2)=3500`
`sigma_(2)=140`
C.V. `=(sigma_(2))/(barx_(2))xx100=140/3500xx100=4`
Hence the coefficient of variation for bank A's employees is more.
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