Question

Compute coefficient of variation for factory A and B from the following:

Daily Wages (Rs.) : 12 15 17 22 25 30
Workers in Factory A: 5 10 20 35 12 8
Workers in Factory B: 15 25 30 35 21 19

Find: (i) Which factory pays higher average daily wages? (ii) In which factory are wages more variable?

 

06 Feb 2021
Answer :
Word Count : 13

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