The Following Data Represent Motor Vehicle Theft Rates Per 100,000

question 106

Essay

The following data represent motor vehicle theft rates per 100,000 people for the cities of Detroit, Michigan, Newark, New Jersey, St. Louis, Missouri; Oakland, California; Atlanta, Georgia; and Fresno, California. These six cities had the highest per-capita motor vehicle theft rates in the nation. (See the Excel Data File.)
A) What is the mean and median per capita theft rates of the above cities?
B) Given that the standard deviation of the per capita crime rate in Detroit is 200 thefts per 100,000, use the empirical rule to calculate the probability Detroit has more than 1,800 thefts per 100,000 next year?

• A) What is the mean and median per capita theft rates of the above cities?
• B) Given that the standard deviation of the per capita crime rate in Detroit is 200 thefts per 100,000, use the empirical rule to calculate the probability Detroit has more than 1,800 thefts per 100,000 next year?

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Definitions:

Fixed Costs

Expenses that do not change in total irrespective of the volume of goods or services produced by a company.

Break Even

The point at which total revenues equal total expenses, with no net loss or profit.

Variable Costs

Expenses that are directly tied to the rate of goods produced or services sold, such as the cost of materials and labor involved.

Fixed Costs

Costs that remain constant for a business over a period, regardless of the level of goods or services produced.