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-scores are used to determine how far off a particular point in a distribution is from the mean.
So ,
Z-scores are on opposite sides of the mean and the first one is much more far from the mean.
Answer: , .
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