Question
Class 11MathematicsStatistics

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 distribution of wages 100 121

Verified Answer

Number of wage earners (n1) = 586

Mean of monthly wages (X̄1) = Rs 5253

∴ Mean of monthly wages = (Total monthly wage) / (Number of workers)

⇒ 5253 = (Total monthly wage) / 648

⇒ Total monthly wages = Rs (5253 × 648) = Rs 34,03,944