Answered step by step
Verified Expert Solution
Question
1 Approved Answer
billPeriod amount Z-score May-22 $230.12 ($0.29) Apr-22 $230.12 Mar-22 $230.18 Feb-22 $230.18 Jan-22 $230.08 Dec-21 $230.22 Nov-21 $230.22 Oct-21 $230.22 Sep-21 $230.38 Aug-21 $231.13 ($0.27)
billPeriod amount Z-score May-22 $230.12 ($0.29) Apr-22 $230.12 Mar-22 $230.18 Feb-22 $230.18 Jan-22 $230.08 Dec-21 $230.22 Nov-21 $230.22 Oct-21 $230.22 Sep-21 $230.38 Aug-21 $231.13 ($0.27) Jul-21 $231.22 Jun-21 $394.22 $3.18 Number (N)= 12 Mean = $244.02 Standard Deviation = 47.30100546
billPeriod | amount | Z-score |
May-22 | $230.12 | ($0.29) |
Apr-22 | $230.12 | |
Mar-22 | $230.18 | |
Feb-22 | $230.18 | |
Jan-22 | $230.08 | |
Dec-21 | $230.22 | |
Nov-21 | $230.22 | |
Oct-21 | $230.22 | |
Sep-21 | $230.38 | |
Aug-21 | $231.13 | ($0.27) |
Jul-21 | $231.22 | |
Jun-21 | $394.22 | $3.18 |
Number (N)= | 12 | |
Mean = | $244.02 | |
Standard Deviation = | 47.30100546 |
Analysis
- Between what two values would be considered a normal bill? Remember, being within 2 Standard Deviations is considered normal.
- Are any of your bills in the last 12 months unusual? Very unusual?
- Are there times when you would accept an "unusual" bill? Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started