Q. 55.0( 1 Vote )

# An analysis of th

(i) Average weekly wages = Total weekly wages = (Avg weekly wages)×(No. of workers)

Total weekly wages of Firm A = 52.5×586 = Rs 30765

Total weekly wages of Firm B = 47.5×648 = Rs 30780

Firm B pays a larger amount as Firm A

(ii) Here SD(firm A) 10 and SD (Firm B) = 11

Coefficient variance (Firm A) = Cv (Firm A) = 19.04

Coefficient variance (Firm B) = Cv (Firm B) = 23.15

Hence, Cv of firm B is greater that that of firm A, Firm B has greater variability in individual wages.

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