workers 2 3 7 9 10 10 12 15 16 20 sales in 1000 10 11 13 14 18 20 20 22 22 26 If the residual of 14 workers is 2.16, how much money was actually made? Use the line of best fit in which all values are rounded to the hundredth (2 decimal places). Be sure to correclty identify the amount of sales that took place. 14 workers actually sold $ worth of goods.
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.
| workers | 2 | 3 | 7 | 9 | 10 | 10 | 12 | 15 | 16 | 20 |
| sales in 1000 | 10 | 11 | 13 | 14 | 18 | 20 | 20 | 22 | 22 | 26 |
If the residual of 14 workers is 2.16, how much money was actually made?
Use the line of best fit in which all values are rounded to the hundredth (2 decimal places). Be sure to correclty identify the amount of sales that took place.
14 workers actually sold $ worth of goods.
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