00:01
Okay, so this question asks us to compute some z scores.
00:03
So the formula for the z score is just the value minus the average divided by the standard deviation.
00:13
So right off the bat, we know that the average, just by taking the sum divided by 5 is 15.
00:21
And then what you can do is actually use a standard deviation function on your calculator to find the standard deviation.
00:32
You could also do it by hand, but usually when it comes to business statistics, or just advanced statistics classes in general, we like to do it with our calculator because it's not really practical to do it by hand every time.
00:48
So put it into your calculator and you'll see the standard deviation is about 3 .58.
00:59
So now to kind of the z score, all we need to do is plug in each value to this function...