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If in the previous question, each worker is given a hike of 10 % in wages, how are the mean and standard deviation values affected? - Economics

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Question

If in the previous question, each worker is given a hike of 10 % in wages, how are the mean and standard deviation values affected?

Sum

Solution

Average wage = Rs 200

Hike in wages = 10% of Rs 200

= `10/100 xx 200`

= Rs 20

Individual raise given to each worker = Rs 20

Total raise in wage = 50 × 20 = Rs 1,000

New Total Wage = Rs 10,000 + Rs 1000

= Rs 11,000

New Average Wage = `"New Total Wage"/"No. of Workers"`

= `(11,000)/50` = Rs 220

Initial Standard Deviation = Rs 40

So, New Standard Deviation = Rs 40 + 20

= Rs 60

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Measures of Dispersion - Absolute Dispersion
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Chapter 6: Measures of Dispersion - Exercise [Page 90]

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NCERT Statistics for Economics [English]
Chapter 6 Measures of Dispersion
Exercise | Q 10. | Page 90

RELATED QUESTIONS

A measure of dispersion is a good supplement to the central value in understanding a frequency distribution. Comment.


Which measure of dispersion is the best and how?


Some measures of dispersion depend upon the spread of values whereas some are estimated on the basis of the variation of values from a central value. Do you agree?


The average daily wage of 50 workers of a factory was Rs 200 with a standard deviation of Rs 40. Each worker is given a raise of Rs 20. What are the new average daily wage and standard deviation? Have the wages become more or less uniform? 


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

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Range


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

Calculate for each crop, 

Compare the values of different measures for each crop.


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

Calculate for each crop, 

Q.D.


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

Calculate for each crop, 

Mean deviation about Mean


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

Calculate for each crop, 

Mean deviation about Median


The yield of wheat and rice per acre for 10 districts of a state is as under:

District

1

2

3

4

5

6

7

8

9

10

Wheat

12

10

15

19

21

16

18

9

25

10

Rice

22

29

12

23

18

15

12

34

18

12

Calculate for each crop, 

Standard deviation


Calculate the mean deviation using mean and Standard Deviation for the following distribution.

Classes

Frequencies

20 - 40

3

40 - 80

6

80 - 100

20

100 - 120

12

120 - 140

9

 

50


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