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how do you find how many standard deviations are within a mean?
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is that all the question asks?
the exact question is within how many standard deviations of the mean is the cost of $50. The standard deviation is 21.5
what value do they give for the mean?
91
first we subtract the mean 91 from the cost of 50 50 - 91 = -41 this negative number tells us we are below the mean
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then we divide the difference by the std deviation -41/21.5 = -1.9069767 which is approximate
so you are roughly 1.9069767 standard deviations below the mean
this is using the formula z = (x - mu)/sigma x = raw score mu = mean sigma = standard deviation z = z-score
Ok thank you that helped a lot.
you're welcome
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