Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes Brand Weight Price ($) A 17.8 2,100 B 16.1 6,150 C 14.9 8,370 D 15.9 6,200 E 17.2 4,000 F 13.1 8,500 G 16.2 6,000 H 17.1 2,680 I 17.6 3,400 J 14.1 8,000 1.Find the value of the test statistic. (Round to three decimal places.) 2.Find the p-value. (Round your answer to three decimal places.)
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.
Consider the following data on x = weight (pounds) and y = price ($) for 10 road-racing bikes
| Brand | Weight | Price ($) |
| A | 17.8 | 2,100 |
| B | 16.1 | 6,150 |
| C | 14.9 | 8,370 |
| D | 15.9 | 6,200 |
| E | 17.2 | 4,000 |
| F | 13.1 | 8,500 |
| G | 16.2 | 6,000 |
| H | 17.1 | 2,680 |
| I | 17.6 | 3,400 |
| J | 14.1 | 8,000 |
1.Find the value of the test statistic. (Round to three decimal places.)
2.Find the p-value. (Round your answer to three decimal places.)
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
