Explanation
To find the difference in the average production of Company A and Company C during the period 2016-2018, we first calculate the total production for each company over these three years.
Total production for Company A during 2016-2018 is:
38,000 + 41,000 + 53,000 = 132,000 lakhs
The average production for Company A is:
(132,000)/(3) = 44,000 lakhs
Total production for Company C during 2016-2018 is:
51,000 + 57,000 + 63,000 = 171,000 lakhs
The average production for Company C is:
(171,000)/(3) = 57,000 lakhs
The difference in the average production of A and C is:
|57,000 - 44,000| = 13,000 lakhs
Alternatively, using the property of averages, the difference in averages is the average of the differences for each year:
((51,000 - 38,000) + (57,000 - 41,000) + (63,000 - 53,000))/(3)
(13,000 + 16,000 + 10,000)/(3) = (39,000)/(3) = 13,000 lakhs