The town hall offices in a set of cities are analyzing the cost of renting their locations. They have nine locations in the sample. The rents were $1,500, $2,500, $3,000, $1,800, $2,300, $1,400, $2,100, $2,150, and $3,200. What is the sample standard deviation? Round your answer to the nearest cent. O $437.19 O $474.19 O $581.19 O $616.44
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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