Question
Prove by method of induction
$\left(\begin{array}{ll}1 & 2 \\ 0 & 1\end{array}\right)^n=\left(\begin{array}{cc}1 & 2 n \\ 0 & 1\end{array}\right) \forall n \in N$
$\left(\begin{array}{ll}1 & 2 \\ 0 & 1\end{array}\right)^n=\left(\begin{array}{cc}1 & 2 n \\ 0 & 1\end{array}\right) \forall n \in N$
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Firm A
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Firm B
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No. of wage earners
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586
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648
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Average weekly wages
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52.5
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47.5
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Variance of the
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100
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121
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Distribution of wages
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