Question

An analysis of the daily wages paid to workers in two firms A and B belonging to the same industry, gives the following results:
Firm A
Firm B 650
95
120
Number of wages-earners 550 Average daily wages 100
Standard deviation
90
i) Which firm A and B pays out large amount as daily wages?
ii) What are the measures of average daily wages and standard deviation in the
distribution of individual wages of all workers in the two firms taken together?

Answer 1

Answer:

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Step-by-step explanation:

An analysis of the daily wages paid to workers in two firms A and B belonging to the same industry, gives the following results:

Firm A

Firm B 650

95

120

Number of wages-earners 550 Average daily wages 100

Standard deviation

90

i) Which firm A and B pays out large amount as daily wages?

ii) What are the measures of average daily wages and standard deviation in the

distribution of individual wages of all workers in the two firms taken together?