In: Statistics and Probability
7. Using the Z Chart or excel, assume normal distribution, What is the Probability if Z = -2.09? What is Z if the probability is 0.39?
8. Why would a person use Z scores to compare performance in Business and History classes?
8)
Why would a person use Z scores to compare performance in Business and History classes?
If we know the values of mean & std deviation then we cannot directly compare the means without considering variance or we cannot compare variance without considering mean.
To compare using both mean and variance we use z score.
So we get an estimate that we can compare with the other is z score.
Z = x - mean / std deviation.
it is a precise measure for comparison of different groups