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One situation where you may make a different purchasing decision with a limited budget is snacks.
With a limited budget you may only purchase a small bag of potato chips. If you had a larger budget you would have purchased a can of Pringles potato chips and a drink. Your limited budget resulted in a smaller purchase than you would have made with a higher budget.
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<span>When a data value is converted to a standardized scale representing the number of standard deviations the data value lies from the mean, we call the new value a <span><u>z-score.</u>
According to its definition, a z-score is "</span></span><span>the number of standard deviations from the mean a data point is."</span>
