encouraged. In order to receive any credit for the quiz, you must be present in class on the due date. Round to the fourth and write as a decimal unless otherwise stated. Problem 1 Hourly pay of all employees at a certain company are listed below. Ce 15 4 13 11 10 11 13 12 13 5 16 18 15 18 18 17 16 14 (0 19 5. 14 Co 15 16 15 16 14 18 10 7 14 15 15 19 19 19 15 16 1. Using 7 classes, build the histogram by hand 2. Describe at least three things about hourly pay at the company 3. Find the mean and standard deviation for hourly pay at the company. Be sure to define i they are statistics or parameter. 4. Using Chebyshev's or the Empirical rule, what can we say about hourly pay at the compa
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.
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