Consider the following to answer the question(s) below:
A consumer research group investigating the relationship between the price of meat (per kilogram) and the fat content (grams) gathered data that produced the following scatterplot.
-The table below shows closing share prices (on the first trading day of August, 2007) for a small sample of companies.
a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the share price for Matsushita Electronic Components (find the z-score). Interpret its meaning.

Question

Consider the following to answer the question(s) below:
A consumer research group investigating the relationship between the price of meat (per kilogram) and the fat content (grams) gathered data that produced the following scatterplot. 
-The table below shows closing share prices (on the first trading day of August, 2007) for a small sample of companies.
  a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the share price for Matsushita Electronic Components (find the z-score). Interpret its meaning.

Quizplus · Accepted Answer

The Answer of Consider the following to answer the question(s) below:
A consumer research group investigating the relationship between the price of meat (per kilogram) and the fat content (grams) gathered data that produced the following scatterplot. 
-The table below shows closing share prices (on the first trading day of August, 2007) for a small sample of companies.
  a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the share price for Matsushita Electronic Components (find the z-score). Interpret its meaning.

Consider the Following to Answer the Question(s) Below