Q5(a). You are given the following information before and after the settlement of an industrial dispute: Before the dispute After the dispute No of workers 1000 950 Average wage 308 325 Standard deviation 25 20 Median wage 320 300 Mode wage 330 310 (iii) Comment on the gains and losses from the point of view of workers and that of management. Use (i) Karl Pearson's 1st and 2nd coefficient of skewness.

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Q5(a). You are given the following information before and after the
settlement of an industrial dispute:
Before the dispute
After the dispute
No of workers
1000
950
Average wage
308
325
Standard deviation
25
20
Median wage
320
300
Mode wage
330
310
(iii) Comment on the gains and losses from the point of view of workers
and that of management. Use (i) Karl Pearson's 1st and 2nd coefficient
of skewness.
Transcribed Image Text:Q5(a). You are given the following information before and after the settlement of an industrial dispute: Before the dispute After the dispute No of workers 1000 950 Average wage 308 325 Standard deviation 25 20 Median wage 320 300 Mode wage 330 310 (iii) Comment on the gains and losses from the point of view of workers and that of management. Use (i) Karl Pearson's 1st and 2nd coefficient of skewness.
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