MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
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:
Find the coefficient of variation for each of the two samples, then compare the variation.
1.5
1.5
1.6
1.9
The coefficient of variation for the amount collected by the security service company is 2.5%.
(Round to one decimal place as needed.)
1.7
1.6
(...)
1.3
1.8
1.5
1.6
1.3
1.9
1.7
1.6
1.6
1.5
1.3
1.9
1.6 D
1.6
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Transcribed Image Text: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: Find the coefficient of variation for each of the two samples, then compare the variation. 1.5 1.5 1.6 1.9 The coefficient of variation for the amount collected by the security service company is 2.5%. (Round to one decimal place as needed.) 1.7 1.6 (...) 1.3 1.8 1.5 1.6 1.3 1.9 1.7 1.6 1.6 1.5 1.3 1.9 1.6 D 1.6
Expert Solution
Check Mark
Step 1

The formula for standard deviation is 

s=i=1n(xi-X)2n-1

The formula for the mean is

X=i=1nxin

Coefficient of variation = sX

 

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