The table below shows data on total assets ($ million) for a sample of a bank's branches.
For the data on total assets ($ million) for the sample provided:
a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the asset value of the third branch (find the z score). Interpret its meaning.

Question

The table below shows data on total assets ($ million) for a sample of a bank's branches.
  For the data on total assets ($ million) for the sample provided:
a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the asset value of the third branch (find the z score). Interpret its meaning.

Quizplus · Accepted Answer

The Answer of The table below shows data on total assets ($ million) for a sample of a bank's branches.
  For the data on total assets ($ million) for the sample provided:
a. Calculate the mean.
b. Calculate the standard deviation.
c. Standardize the asset value of the third branch (find the z score). Interpret its meaning.

The Table Below Shows Data on Total Assets ($ Million)