The average monthly wages and standard deviations for the two garments manufacturing factories X and Yare given
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The average monthly wages and standard deviations for the two garments manufacturing factories X and Yare given below:
• Factory X: the average monthly wage is $4600, the standard deviation of the wage is $500, and the number of wage-earners is100
• Factory Y: the average monthly wage is $4900, standard deviation is $400, and the number of wage-earners is 80
a. Which factory pays the larger amount as monthly wages?
b. Which factory shows greater variability in the distribution of wages?
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