Average daily wage of 50 workers of a factory was Rs 200 with a Standard Deviation of Rs 40. Each worker
is given a raise of Rs 20. What is the new average daily wage and Standard Deviation? Have the wages
become uniform?
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0
Answer:
Right Answer is:
Standard deviation will remain the same that is Rs. 40 as it is independent of origin and hence an addition of equal amount in all the value will not cause any chande in the standard deviation. Uniformity of wages can be seen by coefficient of variation.
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1
Answer:
It shows that wages become more uniform now as the new CV is lower.
It explains the step-by-step explanation in the image.
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