Question #63521

A recent article in the Myrtle Beach Sun Times reported that the mean labor cost to repair a color television is $90.00 with a standard deviation of $22.00. Monte's TV sales and service completed repairs on two sets this morning. The labor cost for the first was $75 and it was $100 for the second. Compute the z values for each and comment on your findings.
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Expert's answer

2016-11-21T14:37:14-0500

Answer on Question #63521 – Math – Statistics and Probability

Question

A recent article in the Myrtle Beach Sun Times reported that the mean labor cost to repair a color television is $90.00 with a standard deviation of $22.00. Monte's TV sales and service completed repairs on two sets this morning. The labor cost for the first was $75 and it was $100 for the second. Compute the z values for each and comment on your findings.

Solution


Z=xμσ.Z = \frac {x - \mu}{\sigma}.


Z-scores are used to determine how far off a particular point in a distribution is from the mean.

So Z1=7590220.68Z_{1} = \frac{75 - 90}{22} \approx -0.68 ,


Z2=10090220.45.Z _ {2} = \frac {1 0 0 - 9 0}{2 2} \approx 0. 4 5.


Z-scores are on opposite sides of the mean and the first one is much more far from the mean.

Answer: Z1=7590220.68Z_{1} = \frac{75 - 90}{22} \approx -0.68 , Z2=10090220.45Z_{2} = \frac{100 - 90}{22} \approx 0.45 .

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