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The payouts for the Powerball lottery and their corresponding odds and probabilities of occurrence are shown below. The price of a ticket is 1.00 Find the mean and the standard deviation of the payout?
Wiki User
∙ 9y ago
The odds of matching all 5 numbers plus the Powerball are approximately 1 in 175,223,510.00. Powerball started in 1992, replacing the game Lotto*America.
Wiki User
∙ 9y ago
megan9935
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What are the two parameters that are necessary to determine probabilities for a particular normal distribution curve?
Mean and Standard Deviation
What is z value?
If a random variable (RV) X is distributed Normally with mean m and standard deviation sthenZ = (X - m)/s is the corresponding Normal variable which is distributed with mean 0 and variance 1. The distribution of X is difficult to compute but that for Z is readily available. It can be used to find the probabilities of the RV lying in different domains and thereby for testing hypotheses.
Why is it that only one normal distribution table is needed to find any probability under the normal curve?
Anything that is normally distributed has certain properties. One is that the bulk of scores will be near the mean and the farther from the mean you are, the less common the score. Specifically, about 68% of anything that is normally distributed falls within one standard deviation of the mean. That means that 68% of IQ scores fall between 85 and 115 (the mean being 100 and standard deviation being 15) AND 68% of adult male heights fall between 65 and 75 inches (the mean being 70 and I am estimating a standard deviation of 5). Basically, even though the means and standard deviations change, something that is normally distributed will keep these probabilities (relative to the mean and standard deviation). By standardizing these numbers (changing the mean to 0 and the standard deviation to 1) we can use one table to find the probabilities for anything that is normally distributed.
What is a z score and what its used for?
The Normal probability distribution is defined by two parameters: its mean and standard deviation (sd) and, between them, these two can define infinitely many different Normal distributions. The Normal distribution is very common but there is no simple way to use it to calculate probabilities. However, the probabilities for the Standard Normal distribution (mean = 0, sd = 1) have been calculated numerically and are tabulated for quick reference. The z-score is a linear transformation of a Normal variable and it allows any Normal distribution to be converted to the Standard Normal. Finding the relevant probabilities is then a simple task.
What is the mean absolute deviation of 8590687579?
None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0
What are the two parameters that are necessary to determine probabilities for a particular normal distribution curve?
Mean and Standard Deviation
What is z value?
If a random variable (RV) X is distributed Normally with mean m and standard deviation sthenZ = (X - m)/s is the corresponding Normal variable which is distributed with mean 0 and variance 1. The distribution of X is difficult to compute but that for Z is readily available. It can be used to find the probabilities of the RV lying in different domains and thereby for testing hypotheses.
What is the z value for a normal distribution?
If a random variable X has a Normal distribution with mean m and standard deviation s, then z = (X - m)/s has a Standard Normal distribution. That is, Z has a Normal distribution with mean 0 and standard deviation 1. Probabilities for a general Normal distribution are extremely difficult to obtain but values for the Standard Normal have been calculated numerically and are widely tabulated. The z-transformation is, therefore, used to evaluate probabilities for Normally distributed random variables.
Why is it that only one normal distribution table is needed to find any probability under the normal curve?
Anything that is normally distributed has certain properties. One is that the bulk of scores will be near the mean and the farther from the mean you are, the less common the score. Specifically, about 68% of anything that is normally distributed falls within one standard deviation of the mean. That means that 68% of IQ scores fall between 85 and 115 (the mean being 100 and standard deviation being 15) AND 68% of adult male heights fall between 65 and 75 inches (the mean being 70 and I am estimating a standard deviation of 5). Basically, even though the means and standard deviations change, something that is normally distributed will keep these probabilities (relative to the mean and standard deviation). By standardizing these numbers (changing the mean to 0 and the standard deviation to 1) we can use one table to find the probabilities for anything that is normally distributed.
What is mean deviation and why is quartile deviation better than mean deviation?
What is mean deviation and why is quartile deviation better than mean deviation?
IQ test scores are normally distributed with a mean of 100 and a standard deviation of 15 An individual's IQ score is found to be 110 Find the z-score corresponding to this value?
mean= 100 standard deviation= 15 value or x or n = 110 the formula to find the z-value = (value - mean)/standard deviation so, z = 110-100/15 = .6666666 = .6667
If quartile deviation is 24. find mean deviation and standard deviation?
Information is not sufficient to find mean deviation and standard deviation.
Relation between quartile deviation and mean deviation?
mean deviation =(4/5)quartile deviation
What is a z score and what its used for?
The Normal probability distribution is defined by two parameters: its mean and standard deviation (sd) and, between them, these two can define infinitely many different Normal distributions. The Normal distribution is very common but there is no simple way to use it to calculate probabilities. However, the probabilities for the Standard Normal distribution (mean = 0, sd = 1) have been calculated numerically and are tabulated for quick reference. The z-score is a linear transformation of a Normal variable and it allows any Normal distribution to be converted to the Standard Normal. Finding the relevant probabilities is then a simple task.
What is the mean absolute deviation of 8590687579?
None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0None.The mean of a single number is itself.Therefore deviation from the mean = 0Therefore absolute deviation = 0Therefore mean absolute deviation = 0
How do you calculate mean average deviation?
The mean average deviation is the same as the mean deviation (or the average deviation) and they are, by definition, 0.
Does standard deviation and mean deviation measure dispersion the same?
No. The average of the deviations, or mean deviation, will always be zero. The standard deviation is the average squared deviation which is usually non-zero.
