The question below refers to the following situation:
The average price for a new car is $18,000 and the standard deviation is $1,500. Calculate The z scores for the following individual score:
If X = 19,000, z = __________.
A)2.5
B)-0.67
C)11.33
D)0.67

Question

Quizplus · Accepted Answer

The z-score is calculated using the formula z = (X - μ) / σ, where X is the individual score, μ is the mean, and σ is the standard deviation. Substituting the given values: z = (19,000 - 18,000) / 1,500 = 1,000 / 1,500 = 0.67.

The Question Below Refers to the Following Situation