From the analysis of wages paid to employees in two service organizations X and Y, the following were obtained: Organization X Organization Y Number of wage earners 550 650 Average monthly earnings 5,000 4,500 Variance of the distribution of wages 900 1600 (i) Which organization pays a larger amount as monthly wages? (ii) In which organization is there greater variability in individual wages of all the wage earners taken together?
From the analysis of wages paid to employees in two service organizations X and Y, the following were obtained:
Organization X Organization Y
Number of wage earners 550 650
Average monthly earnings 5,000 4,500
Variance of the distribution of wages 900 1600
(i) Which organization pays a larger amount as monthly wages?
(ii) In which organization is there greater variability in individual wages of all
the wage earners taken together?
Step by step
Solved in 2 steps
