Hired workers are paid wages or ___ as a reward for their services.

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Solution

Salaries

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Casual workers are defined as those who work for others in farm or non-farm Enterprises and are paid wages that are daily or periodic in nature.

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

Firm A Firm B

No. of wage earners 586 648

Mean of monthly wages Rs 5253 Rs 5253

Variance of the distribution of wages. 100 121

(i) which firm A or B pays larger amount as monthly wages ?

(ii) which firm A or B, shows greater variability in individual wages ?

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