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An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results:
Q. Which firm A or B shows greater variability in individual wages?
  • a)
    Firm B
  • b)
    Firm A
  • c)
    Both
  • d)
    Can’t Say
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
An analysis of monthly wages paid to workers in two firms A and B, be...
Coefficient of variation of wages, of firm A = 0.19
coefficient of variation of wages, of firm
∴ Firm B shows greater variability in individual wages.
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An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results:Q. Which firm A or B shows greater variability in individual wages?a)Firm Bb)Firm Ac)Bothd)Can’t SayCorrect answer is option 'A'. Can you explain this answer?
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