Q. 245.0( 1 Vote )

Which fi

Answer :

Mean of monthly waqes for firm A and firm B are same i.e.,Rs.5253 .Since the wage earners of firm B are more than that of A,hence firm B pays out larger amount as monthly wages.

Variance for firm A = 100

Variance for firm B = 121

Since variance for firm B is greater than that of A, therefore firmB shows greater variability than that of A.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses