Find the simple interned earned in savings account that pay 5% interest if $500 is deposited for 4 years
1 answer:
You might be interested in
The value of z-score for a score that is three standard deviations above the mean is 3.
In this question,
A z-score measures exactly how many standard deviations a data point is above or below the mean. It allows us to calculate the probability of a score occurring within our normal distribution and enables us to compare two scores that are from different normal distributions.
Let x be the score
let μ be the mean and
let σ be the standard deviations
Now, x = μ + 3σ
The formula of z-score is
⇒
⇒
⇒
Hence we can conclude that the value of z-score for a score that is three standard deviations above the mean is 3.
Learn more about z-score here
#SPJ4