The owner of a minor league baseball team pays the nine starting players, the manager, and two coaches bonuses, which are certain percentages of their regular salaries each time the team wins a game. The amounts paid are listed here. $70 $100 $135 $175 $185 $190 $205 $210 $215 $290 $310 $315 How many of the bonus amounts are within one standard deviation of the mean?
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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$70
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$100
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$135
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$175
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$185
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$190
|
|
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$205
|
$210
|
$215
|
$290
|
$310
|
$315
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