An analysis of the weekly wages paid to workers in two firms A and B give the following result:
Firm A |
Firm B |
|
No. of Workers |
586 |
648 |
Average weekly wages |
Rs. 52.5 |
Rs. 47.5 |
Variance of the distribution of wages |
100 |
121.0 |
Which firm “A” or “B” has greater variability in individual wage.


Since coefficient of variation is higher in case of firm B, it shows greater variability in individual wages.