Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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? Explainimage text in transcribed

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 G

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Global Financial Crisis What Have We Learnt

Authors: Steven Kates

1st Edition

0857934228, 978-0857934222

More Books

Students also viewed these Finance questions