Solve the Problem

question 137

Multiple Choice

Solve the problem. Round results to the nearest hundredth.
-The mean of a set of data is 4.68 and its standard deviation is 2.83. Find the z score for a value of 9.38.

• A)1.49
• B)1.66
• C)1.83
• D)1.96

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Definitions:

Labour Cost

The total amount of money that businesses have to pay to their employees, encompassing wages, benefits, and taxes.

Sensitivity

The degree to which the output of a model or system reacts to changes in input parameters or assumptions.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Variable Cost

Costs that vary directly with the level of production output or volume, such as materials and labor expenses directly involved in product manufacturing.