The Variable College Grade Point Average Was Recorded for a Sample

question 30

Short Answer

The variable college grade point average was recorded for a sample of graduating college students. An analyst calculates the mean and standard deviation for the variable and transforms each person's score into a z-score. The first case has a z-score of 3. What does this z-score tell us about the first person's GPA?

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Definitions:

Loanable Funds

The funds available within an economy for borrowing, influencing interest rates and capital availability.

Interest Rate

Fees assessed by a lending party on a borrowing party for asset usage, expressed in terms of the principal's percentage.

Rule of 70

A rule that estimates the number of years required to double an investment or population at a fixed annual growth rate, by dividing 70 by the percentage growth rate.

Annual Interest

The amount of interest earned or paid over a one-year period on investments, loans, or savings.