Which of the following function is used to calculate the DA?
Answers
Variance and Standard deviation are the two important topics in Statistics. It is the measure of the dispersion of statistical data. Dispersion is the extent to which values in a distribution differ from the average of the distribution. To quantify the extent of the variation, there are certain measures namely:
(i) Range
(ii) Quartile Deviation
(iii) Mean Deviation
(iv) Standard Deviation
The degree of dispersion is calculated by the procedure of measuring the variation of data points. In this article, you will learn what is variance and standard deviation, formulas, and the procedure to find the values with examples.
Answer:
DA: Dearness Allowance Employers in the public sector pay salaries to their employees which is divided into various components. One of these components is the Dearness Allowance.
Explanation:
Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)*100
Dearness Allowance % = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33)*100
Since January 1, 1996, a dearness allowance has been incorporated to compensate for price increases or inflation in a given financial year. As a result, it is amended twice a year, once on January 1st and again on July 1st.