Every month a clothing store conducts an inventory and calculates losses from theft. The store would like to reduce these losses and is considering two methods. The first is to hire a security guard, and the second is to install cameras. To help decide which method to choose, the manager hired a security guard for 6 months. During the next 6-month period, the store installed cameras. The monthly losses were recorded and are listed here. The manager decided that because the cameras were cheaper than the guard, he would install the cameras unless there was enough evidence to infer that the guard was better. What should the manager do? Security guard Cameras 355 284 401 398 477 254 486 303 270 386 411 435

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question
Every month a clothing store conducts an inventory and calculates losses from
theft. The store would like to reduce these losses and is considering two methods.
The first is to hire a security guard, and the second is to install cameras. To help
decide which method to choose, the manager hired a security guard for 6 months.
During the next 6-month period, the store installed cameras. The monthly losses
were recorded and are listed here. The manager decided that because the cameras
were cheaper than the guard, he would install the cameras unless there was
enough evidence to infer that the guard was better. What should the manager do?
Security guard
Cameras
355
284
401
398
477
254
486
303
270
386
411
435
Transcribed Image Text:Every month a clothing store conducts an inventory and calculates losses from theft. The store would like to reduce these losses and is considering two methods. The first is to hire a security guard, and the second is to install cameras. To help decide which method to choose, the manager hired a security guard for 6 months. During the next 6-month period, the store installed cameras. The monthly losses were recorded and are listed here. The manager decided that because the cameras were cheaper than the guard, he would install the cameras unless there was enough evidence to infer that the guard was better. What should the manager do? Security guard Cameras 355 284 401 398 477 254 486 303 270 386 411 435
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