The figure below shows box plots for the annual premium for urban customers in three states. Note: Premium is what people pay to insurance companies to have car insurance. Example: What you pay seguros Bolivar so they pay you in case you have an accident in your car. Insurance Premium (annual, urban) | Califormia Tex as Pernsylvania Which state offers the lowest premium? Which state offers the highest premium? Select one: Texas has the lowest premium and Pennsylvania has the highest. Pennsylvania has the lowest premium and Texas has the highest. o California has the lowest premium and Texas has the highest. Texas has the lowest premium and California has the highest.
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.
Could you tell me if the question I marked is correct and why please, is about statistics and math :) pleaseeeee helpppp
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