A retail store suspects that one of its employees may be stealing cash from the register. Over the past week, the store has recorded the number of sales transactions and the total amount of cash collected for each transaction. The store has also noted the employee responsible for each transaction. The following data was collected for the week:

• Total number of sales transactions: 1000
• Total amount of cash collected: $50,000
• Total number of transactions processed by the suspect employee: 250
• Total amount of cash collected by the suspect employee: $10,000

Assuming that the average transaction amount is the same for all transactions, determine the average transaction amount for the week. Also, calculate the average transaction amount for the transactions processed by the suspect employee. Based on your calculations, do you think the suspect employee is stealing cash from the register? Why or why not?

(Show all calculations and round to the nearest cent.)

Answer rating: 100% (QA)

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