Math Problem Statement

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:

1.5 1.6 1.5 1.6 1.8 1.3 1.7 1.3 1.3 1.2

Other​ Companies:

1.6 1.8 1.9 2.3 1.9 1.5 1.8 2.3 2.3 2.2 Question content area bottom Part 1 Find the means. The mean for the security company is ​$enter your response here

million and the mean for the other companies is ​$enter your response here

million. ​(Type integers or decimals rounded to two decimal places as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Descriptive Statistics
Mean Calculation
Median Calculation

Formulas

Mean = (Sum of all data values) / (Number of data values)
Median: For an odd number of values, the median is the middle value. For an even number of values, it is the average of the two middle values.

Theorems

Measures of Central Tendency
Comparing Distributions

Suitable Grade Level

Grades 9-12