Question

Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service...

Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service company and other companies during similar time periods. Do the limited data listed here show evidence of stealing by the security service​ company's employees?

Security Service Company:Security Service Company:

1.31.3

1.81.8

1.51.5

1.41.4

1.51.5

1.41.4

1.71.7

1.61.6

1.31.3

1.61.6

Other Companies:Other Companies:

1.61.6

1.91.9

1.71.7

1.71.7

1.81.8

1.81.8

1.61.6

1.51.5

1.71.7

1.61.6

Find the coefficient of variation for each of the two​ samples, then compare the variation.

1.The coefficient of variation for the amount collected by the security service company is

nothing​%.

​(Round to one decimal place as​ needed.)

2.The coefficient of variation for the amount collected by the other companies is

nothing​%.

​(Round to one decimal place as​ needed.)

Do the limited data listed here show evidence of stealing by the security service​ company's employees? Consider a difference of greater than​ 1% to be significant.

A.

No. There is a not significant difference in the variation.No. There is a not significant difference in the variation.

B.

Yes. There is a significant difference in the variation.Yes. There is a significant difference in the variation.

C.

No. There is a significant difference in the variation.

D.

Yes. There is not a significant difference in the variation.

Homework Answers

Answer #1

from above:

1) coefficient of variation for the amount collected by the security service company is =11.0 %

2)coefficient of variation for the amount collected by the other companies is =7.1 %

3) option B : Yes. There is a significant difference in the variation.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service company and other companies during similar time periods. Do the limited data listed here show evidence of stealing by the security service​company's employees? Security Service Company:Security Service Company: 1.41.4 1.71.7 1.61.6 1.31.3 1.51.5 1.51.5 1.61.6 1.41.4 1.31.3 1.71.7 Other Companies:Other Companies: 1.81.8 1.91.9 1.61.6 1.71.7 1.61.6 1.81.8 1.61.6 1.51.5 1.91.9 1.71.7 Find the coefficient of variation for each of the two​ samples, then compare...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security service company and other companies during similar time periods. Do the limited data listed here show evidence of stealing by the security service​ company's employees? Security_Service_Company   Other_Companies 1.5   1.7 1.6   1.8 1.4   1.6 1.6   1.9 1.5   1.7 1.5   1.9 1.6   1.6 1.8   1.5 1.5   1.7 1.7   1.6 The coefficient of variation for the amount collected by the security service company is nothing​%. ​(Round to one...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security company...
Listed below are amounts​ (in millions of​ dollars) collected from parking meters by a security company in a certain city. A larger data set was used to convict 5 members of the company of grand larceny. Find the mean and median for each of the two samples and then compare the two sets of results. Do the limited data listed here show evidence of stealing by the security​ company's employees? Security Company   Other Companies 1.6   1.9 1.1   1.6 1.6   1.7...
Listed below are the amounts (in millions of dollars) collected from parking meters by a security...
Listed below are the amounts (in millions of dollars) collected from parking meters by a security company in your city in the previous 18 months, alongside the average amounts from another company. These data were used to convict 5 members of the security company in your city of grand larceny. Month: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Security Company 1.1 1.1 1.3 1.3 1.1 1.1 1.7 1.7 1.2...
Listed below are the amounts (in millions of dollars) collected from parking meters by a security...
Listed below are the amounts (in millions of dollars) collected from parking meters by a security company in your city in the previous 18 months, alongside the average amounts from another company. These data were used to convict 5 members of the security company in your city of grand larceny. What are the medians for each company? (Type integers or decimals rounded to two decimal places, as needed) Month: 1 2 3 4 5 6 7 8 9 10 11...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT