QUESTION 1 According to the Insurance Information Institute, Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016. Assuming each person is stolen from once, what is the average amount of the thefts? If all the thefts were spread out evenly over the year, how frequently would a theft occur?

QUESTION 1 According to the Insurance Information Institute, Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016. Assuming each person is stolen from once, what is the average amount of the thefts? If all the thefts were spread out evenly over the year, how frequently would a theft occur?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 10CYU

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QUESTION 1

According to the Insurance Information Institute, Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016.
1. Assuming each person is stolen from once, what is the average amount of the thefts?
2. If all the thefts were spread out evenly over the year, how frequently would a theft occur?

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