A sample of restaurants in a city shows that the average cost of an appetizer is $6.32 with a standard deviation of $0.47. A bra
nd new restaurant wants to get noticed by offering appetizers for a much lower price. To determine the lower price, should the formula use a z-value that is greater than or less than -1? a.
Greater than -1
c.
Greater than 1
b.
Less than -1
d.
Either way, it doesn’t matter
In a high precision, low accuracy case study, the measurements are all close to each other (high agreement between the measurements) but not near/or close to the center of the distribution (how close a measurement is to the correct value for that measurement)