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Find the sample mean and sample standard deviation of your data. Pick three bills from the last 12 months and change the values into z-scores.
Find the sample mean and sample standard deviation of your data.
Pick three bills from the last 12 months and change the values into z-scores. What does the z-score tell you about that particular month?
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
A fx C energy bill X B month January Februray March April May June July August September October November December mean standard dev D 51.93 14.12 14.1 14.49 z score 14.75 15.84 104.92 129.08 z score 115.17 72.71 22.54 36.97 z score 50.55 42.03 E -0.858 1.8684 -0.3231 F G A fx C energy bill X B month January Februray March April May June July August September October November December mean standard dev D 51.93 14.12 14.1 14.49 z score 14.75 15.84 104.92 129.08 z score 115.17 72.71 22.54 36.97 z score 50.55 42.03 E -0.858 1.8684 -0.3231 F GStep by Step Solution
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