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Earn +20 ptsQ: Important event that occurred in z for zachariah?
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What is the probability that an event will occur between z equals -0.46 and z equals 2.21 on the standard normalized curve?
The probability is 0.664
Is X legally required to reimburse Z for minor car damage that occurred 6 mo ago if Z already paid for the damage on their own and there was no police report or documentation of the incident?
If they don't want to be sued, yes. If they don't care.
Why are standard z values so important?
A z-score gives the distance (specifically number of standard deviations) from the mean so when you compare z-scores, it gives a direct comparison of how far from the mean the values are.
If z value is greater than the values given in standard normal distribution curve table what value should be taken?
If the z value is that great the probability of the event is ridiculously small (or large) and you'd have to act as if it were near enough zero (or 1)
What are the limitations of z-transform?
The main limitation is that the z-transform is appropriate only if the underlying data are normally distributed. It is also important that the estimates for the mean and variance are sufficiently accurate.
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