A sports shop records the sales of items made in India and those made in Australia. Country of Origin N Mean Std. Deviation Indian 50 22.5 9.75 Australia 33 33.15 11.6 What is the SE Mean for the sales from India?
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
A sports shop records the sales of items made in India and those made in Australia.
Country of Origin N
Indian 50 22.5 9.75
Australia 33 33.15 11.6
What is the SE Mean for the sales from India?
The standard deviation is the measure of variability from individual data values to the mean and while standard error measures the difference between sample mean and the population mean. It is always smaller than the standard deviation.
It is calculated as
Step by step
Solved in 2 steps
