Using the purchases from Exercise 2: a) Standardize the minimum and maximum purchase using the mean from
Question:
Using the purchases from Exercise 2:
a) Standardize the minimum and maximum purchase using the mean from Exercise 6b and the standard deviation from Exercise 8d.
b) Which has the more extreme z-score, the min or the max?
c) How large a purchase would a purchase with a z-score of 3.5 be?
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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