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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Business Analytics

ISBN: 9781292095448

2nd Global Edition

Authors: James R. Evans

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