Question: The average monthly wages and standard deviation for two garments manufacturing factories, X and Y are given as in the following table. a) Which factory

The average monthly wages and standard deviation for two garments manufacturing factories, X and Y are given as in the following table.

a) Which factory pays the larger amount as monthly salary? Why?

b) Which factory shows greater variability in the distribution of wages? Explain your reasoning.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!