What is a negative z score and when would it be in your favor to have one?

A positive z-score indicates that a particular value is greater than the mean, a negative z-score indicates that a particular value is less than the mean, and a z-score of zero indicates that a particular value is equal to the mean.

Step-by-step explanation:

Examples: Calculating a Z-Score

Suppose we have the following dataset that shows the height (in inches) of a certain group of plants:

5, 7, 7, 8, 9, 10, 13, 17, 17, 18, 19, 19, 20

The sample mean of this dataset is 13 and the sample standard deviation is 5.51.

1. Find the z-score for the value “8” in this dataset.

Here is how to calculate the z-score:

z  =  (X – μ) / σ  =  (8 – 13) / 5.51  =  -0.91

This means that the value “8” is 0.91 standard deviations below the mean.

2. Find the z-score for the value “13” in this dataset.

Here is how to calculate the z-score:

z  =  (X – μ) / σ  =  (13 – 13) / 5.46  =  0

This means that the value “13” is exactly equal to the mean.

3. Find the z-score for the value “20” in this dataset.

Here is how to calculate the z-score:

z  =  (X – μ) / σ  =  (20 – 13) / 5.46  =  1.28

A positive z-score indicates that a particular value is greater than the mean, a negative z-score indicates that a particular value is less than the mean, and a z-score of zero indicates that a particular value is equal to the mean.

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97

for the points

step-by-step explanation: