The daily wages of two firms A,B are given. If combined mean is 49.87 and SD is 10.67, find a.
The weekly salaries of employees in railway department are as follows. Given the mean salaries is 2900 Rs. and assumed mean is 1250.
An anaoysis of the weekly wages paid to workers in two firms A and B, belonging to the same industry gives the following results:
Firm AFirm BAverage weekly wages586648Average weekly wagesRs.52.5Rs.47.5Variance of the distribution of wages100121
(i) Which firm A or B pays out larger amount as weekly wages ?
(ii) Which firm A or B has greater variability in individual wages ?