A market with 168 operating firms has the following distribution of average number of workers in various income groups: Income groups : 150-300 300-500 500-800 800-1200 1200-1800 No. of firms : 40 32...

A market with 168 operating firms has the following distribution of average number<br>of workers in various income groups:<br>Income groups :<br>150-300<br>300-500<br>500-800<br>800-1200<br>1200-1800<br>No. of firms :<br>40<br>32<br>26<br>28<br>42<br>Average No. of workers :<br>8<br>12<br>7.5<br>8.5<br>4<br>Find the average salary paid in the whole market.<br>

Extracted text: A market with 168 operating firms has the following distribution of average number of workers in various income groups: Income groups : 150-300 300-500 500-800 800-1200 1200-1800 No. of firms : 40 32 26 28 42 Average No. of workers : 8 12 7.5 8.5 4 Find the average salary paid in the whole market.

Jun 08, 2022

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A market with 168 operating firms has the following distribution of average number of workers in various income groups: Income groups : 150-300 300-500 500-800 800-1200 1200-1800 No. of firms : 40 32...

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