Case Study Shoplifting

January 3, 2006, while shopping at her local store Ms Nancy Park was alleged to have been shoplifting. Ben Gordon, from the Loss Prevention Department, shouted for Nancy Park to stop then grabbed her by the arm to pull her inside the store. Nancy Park lost her balance and fell onto a store checkout counter. After Ms. Park fell onto the counter, she made numerous complaints about her back injury to Ben, but her complaints were not answered by ben; instead she was made to wait on the store Manager, so a search could be conducted. After she waited and hour to be searched nothing was found in her position to suggest that she was shoplifting. An apology was issued to Nancy and she was given a $25 gift card. Later, M.s Park was admitted to Cedar

4 1994 $ 56,885.00 148.2 1.482 $ 38,383.94
5 1995 $ 56,745.00 152.4 1.524 $ 37,234.25
6 1996 $ 60,493.00 156.9 1.569 $ 38,555.13
7 1997 $ 61,978.00 160.5 1.605 $ 38,615.58
8 1998 $ 61,631.00 163 1.63 $ 37,810.43
9 1999 $ 63,297.00 166.6 1.666 $ 37,993.40
10 2000 $ 66,531.00 172.2 1.722 $ 38,635.89
11 2001 $ 67,600.00 177.1 1.771 $ 38,170.53
12 2002 $ 66,889.00 179.9 1.799 $ 37,181.21
13 2003 $ 70,024.00 184 1.84 $ 38,056.52
14 2004 $ 70,056.00 188.9 1.889 $ 37,086.29
15 2005 $ 71,857.00 195.3 1.953 $ 36,793.14 Nancy Park Past Income
Figure 1: Nancy Park’s past income detail for the last fifteen

Park’s real income for the last fifteen years. We divide each price index given to us by one hundred. The Price index is a percentage number that shows how much a price has changed throughout time compared to its base year. When we divide by one hundred, we get the adjusted price index. Adjusted price index is the percent change in consumer price index, which is used to measure inflation. After we find the adjusted price index, we divide the gross income by the adjusted price index to get Mrs. Park’s real income. Our Examination of figure 1 shows the Average real income to be $ 37,760.48, while the median is $ 37,853.88. The variance for real income is $426,970.77 and the standard deviation for Nancy Park’s real income is $653.43. The average, or mean, real income shows all real income divided by the amount of years to show the average real income made. The median of Nancy Park’s real income shows the middle income compared to all years being observed. The variance for Nancy Park’s real income shows a spread of $653.43 for all 15 years past real income given. From our calculations, we see that our mean of Mrs. Park’s real income for the past fifteen years is $37,760.48, as shown on Table 1. As stated before, since Mrs. Park can’t work due to her injuries, we will use $37,760.48 as the foundation for her future real