rest Rate(percent),y 545 18.982 595 17.967 640 12.218
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.
|
Credit Score, x |
Interest Rate(percent),y |
|
545 |
18.982 |
|
595 |
17.967 |
|
640 |
12.218 |
|
675 |
8.612 |
|
705 |
6.680 |
|
750 |
5.150 |
Trending now
This is a popular solution!
Step by step
Solved in 7 steps with 2 images
