The coefficients of variation of wages of male workers and female workers are 55 percent and 70 per cent respectively, while the standard deviations are 22.0 and 15.4 respectively. Calculatethe overall average wages of all workers given that 80 per cent of the workers are male.

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Answered: The coefficients of variation of wages…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The coefficients of variation of wages of male workers and female workers are 55 per cent and 70 per cent respectively, while the standard deviations are 22.0 and 15.4 respectively. Calculate the overall average wages of all workers given that 80 per cent of the workers are male.