Question

The salary bill of company A having having 60 employees is Rs 900000 per month and the salary bill of company B having 75 employees is 1200000 per month
a) Find the average salary of the employees in both the companies
b) which company is paying better average salary

Answer 1

Given :

The salary bill of company A having having 60 employees is Rs 900000 per month and the salary bill of company B having 75 employees is 1200000 per month

To Find :

a)Find the average salary of the employees in both the companies

b) which company is paying better average salary

Solution:

$Average = \frac{\text{Sum of observations}}{\text{No. of observations}}$

Salary bill of company A having 60 employees = Rs.900000/ month

Average of salary of company A = $\frac{900000}{60}=15000$

Salary bill of company B having 75 employees = Rs.1200000/ month

Average of salary of company B =$\frac{1200000}{75}=16000$

Average salary of employees in both companies = $\frac{900000+1200000}{60+75}=15555.55$

Hence the average salary of the employees in both the companies is Rs.15555.55 and Company B is paying better average salary

Answer 2

Answer:

yes this is a correct answer