Question

If the average wages of 10 labours in 2005 is Rs. 5,000 and in 2006 it's Rs 6000. Find the average wages of each year.

1. Rs. 58,000
2. Rs. 45,000
3. Rs. 55,000
4. Rs. 65,000

Answer 1

Correct Answer - Option 3 : Rs. 55,000

Given

Average wages in 2005 = Rs. 5,000

Average wages in 2006 = Rs. 6,000

Formula used

Average = Sum of all observations/ Number of observations

Calculation

Total wages in 2005 = 5000 × 10

⇒ 50,000

Total wages in 2006 = 6000 × 10

⇒ 60,000

Average = (50,000 + 60,000)/2

⇒ 1,10,000/2

⇒ Rs. 55,000

∴ Average wages in each year is Rs. 55,000