The mean monthly salary paid to graduating MBA class of a management institute is Rs. 16000. The mean monthly salary paid to students with work experience is Rs. 18000. The corresponding figure for the students without any work experience is Rs. 12000. Determine the percentage of students with work experience and those without any work experience in the class.
(a) 66.67%, 33.33% (b) 33.33%, 66,67% (c) 75%, 25% (d) 25%, 75%
The mean monthly salary paid to graduating MBA class of a management institute is Rs. 16000. The mean monthly salary paid to students with work experience is Rs. 18000. The corresponding figure for the students without any work experience is Rs. 12000. Determine the percentage of students with work experience and those without any work experience in the class.
(a) 66.67%, 33.33% (b) 33.33%, 66,67% (c) 75%, 25% (d) 25%, 75%
Let the number of students will work experience be and those without work experience be
Then,
∴ Percentage of students with work experience =
Percentage of students without work experience =