The following data give the prices of seven textbooks randomly selected from a university bookstore. $88 $171 $103 $128 $58 $165 $141 a. Find the mean for these data. Calculate the deviations of the data values from the mean. Is the sum of these deviations zero? Mean = $ Deviation from the mean for $171 = $ Sum of these deviations = $ b. Calculate the range, variance, and standard deviation. [Round your answers to 2 decimal places.] Range = $ Variance = Standard deviation = $
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.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images