Question

b) 7 СО An analysis of monthly wages paid to workers of two firms A and B belonging to the same industry gives the following result: Firm-A Firm-B Number of workers 500 600 Average daily wage Rs. 186.00 Rs. 175.00 Variance of wages 81 100 (1) Which firm, A or B has a larger wage bill? (2) In which firm, A or B, is there greater variability in individual wages? (3) Calculate the average and variance of the wages of all workers in the firms A and B taken together,​

Answer 1

Answer:

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