Vacation Expenses Analysis and Z-scores Computation

 
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OBJECTIVES
 
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Key Terms
 
 raw data
 normal curve
 standard score
 z-score
 normal distribution
 bell curve
 asymptomatic
 tails
 
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What would help you organize data in a
more visual format?
 
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A summer camp is taking their 220 sixth graders on a
trip to an amusement park. For safety purposes, some
of the rides have height requirements. The campers’
heights have a mean of 56 inches and a standard
deviation of 3 inches.
What is the z-score for a camper with a height of 62
inches?
 
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1
 
A summer camp is taking their 220 sixth graders on a
trip to an amusement park. For safety purposes, some
of the rides have height requirements. The campers’
heights have a mean of 56 inches and a standard
deviation of 3 inches.
What is the z-score for a camper with a height of 62
inches?
 
  Slide
 
 
6
E
x
a
m
p
l
e
 
2
 
The height of a certain student on this trip had a
z-score of -0.5. What is the student’s height in
inches?
 
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7
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x
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2
 
The height of a certain student on this trip had a
z-score of -0.5. What is the student’s height in
inches?
 
  Slide
 
 
8
E
x
a
m
p
l
e
 
2
 
The height of a certain student on this trip had a
z-score of -0.5. What is the student’s height in
inches?
 
  Slide
 
 
9
E
x
a
m
p
l
e
 
3
 
Recall the amusement park trip from Examples 1 and 2. A
certain ride requires riders to be at least 51 inches tall. The
heights are normally distributed with mean 56 and standard
deviation 3. Approximately how many of the camp’s 220 sixth
graders will not be allowed on the ride?
 
  Slide
 
 
10
E
x
a
m
p
l
e
 
3
 
Recall the amusement park trip from Examples 1 and 2. A
certain ride requires riders to be at least 51 inches tall. The
heights are normally distributed with mean 56 and standard
deviation 3. Approximately how many of the camp’s 220 sixth
graders will not be allowed on the ride?
 
  Slide
 
 
11
E
x
a
m
p
l
e
 
3
 
Recall the amusement park trip from Examples 1 and 2. A
certain ride requires riders to be at least 51 inches tall. The
heights are normally distributed with mean 56 and standard
deviation 3. Approximately how many of the camp’s 220 sixth
graders will not be allowed on the ride?
 
  Slide
 
 
12
E
x
a
m
p
l
e
 
4
 
The families of students at Smithtown High School were
surveyed about their vacation expenses. The results were
normally distributed with mean $2,313 and standard deviation
$390. What percent of the families took vacations that cost
between $2,000 and $3,000?
 
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13
E
x
a
m
p
l
e
 
4
 
The families of students at Smithtown High School were
surveyed about their vacation expenses. The results were
normally distributed with mean $2,313 and standard deviation
$390. What percent of the families took vacations that cost
between $2,000 and $3,000?
 
  Slide
 
 
14
E
x
a
m
p
l
e
 
4
 
The families of students at Smithtown High School were
surveyed about their vacation expenses. The results were
normally distributed with mean $2,313 and standard deviation
$390. What percent of the families took vacations that cost
between $2,000 and $3,000?
 
  Slide
 
 
15
E
x
a
m
p
l
e
 
4
 
The families of students at Smithtown High School were
surveyed about their vacation expenses. The results were
normally distributed with mean $2,313 and standard deviation
$390. What percent of the families took vacations that cost
between $2,000 and $3,000?
  Slide
 
 
16
E
x
a
m
p
l
e
 
5
A local travel magazine rates hotels using integers from 0 to
100. Last year they rated over 2,000 hotels. The ratings were
normally distributed with mean 78 and standard deviation 6.5.
How high would a hotel’s rating have to be for it to be
considered in the top 10% of rated hotels?
  Slide
 
 
17
E
x
a
m
p
l
e
 
5
A local travel magazine rates hotels using integers from 0 to
100. Last year they rated over 2,000 hotels. The ratings were
normally distributed with mean 78 and standard deviation 6.5.
How high would a hotel’s rating have to be for it to be
considered in the top 10% of rated hotels?
invNorm(.90,0,1)
  
1.28
  Slide
 
 
18
E
x
a
m
p
l
e
 
5
A local travel magazine rates hotels using integers from 0 to
100. Last year they rated over 2,000 hotels. The ratings were
normally distributed with mean 78 and standard deviation 6.5.
How high would a hotel’s rating have to be for it to be
considered in the top 10% of rated hotels?
invNorm(.90,0,1)
  
1.28
Slide Note

Banking

Chapter 1

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Explore the concept of measuring dispersion using standard deviation units and calculating z-scores for a dataset related to vacation expenses. Learn how to interpret z-scores, analyze normal distributions, and apply statistical concepts to real-world scenarios involving amusement park trip heights. Discover the importance of graphical representation in understanding frequency distributions.

  • Vacation Expenses
  • Z-scores
  • Normal Distribution
  • Data Analysis
  • Graphical Representation

Uploaded on Sep 07, 2024 | 0 Views


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Presentation Transcript


  1. 1-4 Vacation Expenses OBJECTIVES Measure dispersion using standard deviation units. Compute z-scores. Find percentages using the normal curve. Compute raw scores using z-scores. Slide 1

  2. Key Terms raw data normal curve standard score z-score normal distribution bell curve asymptomatic tails Slide 2

  3. How can graphs help describe frequency distributions? What would help you organize data in a more visual format? Slide 3

  4. Example 1 A summer camp is taking their 220 sixth graders on a trip to an amusement park. For safety purposes, some of the rides have height requirements. The campers heights have a mean of 56 inches and a standard deviation of 3 inches. What is the z-score for a camper with a height of 62 inches? Slide 4

  5. Example 1 A summer camp is taking their 220 sixth graders on a trip to an amusement park. For safety purposes, some of the rides have height requirements. The campers heights have a mean of 56 inches and a standard deviation of 3 inches. What is the z-score for a camper with a height of 62 inches? Slide 5

  6. Example 2 The height of a certain student on this trip had a z-score of -0.5. What is the student s height in inches? Slide 6

  7. Example 2 The height of a certain student on this trip had a z-score of -0.5. What is the student s height in inches? Slide 7

  8. Example 2 The height of a certain student on this trip had a z-score of -0.5. What is the student s height in inches? Slide 8

  9. Example 3 Recall the amusement park trip from Examples 1 and 2. A certain ride requires riders to be at least 51 inches tall. The heights are normally distributed with mean 56 and standard deviation 3. Approximately how many of the camp s 220 sixth graders will not be allowed on the ride? Slide 9

  10. Example 3 Recall the amusement park trip from Examples 1 and 2. A certain ride requires riders to be at least 51 inches tall. The heights are normally distributed with mean 56 and standard deviation 3. Approximately how many of the camp s 220 sixth graders will not be allowed on the ride? Slide 10

  11. Example 3 Recall the amusement park trip from Examples 1 and 2. A certain ride requires riders to be at least 51 inches tall. The heights are normally distributed with mean 56 and standard deviation 3. Approximately how many of the camp s 220 sixth graders will not be allowed on the ride? Slide 11

  12. Example 4 The families of students at Smithtown High School were surveyed about their vacation expenses. The results were normally distributed with mean $2,313 and standard deviation $390. What percent of the families took vacations that cost between $2,000 and $3,000? Slide 12

  13. Example 4 The families of students at Smithtown High School were surveyed about their vacation expenses. The results were normally distributed with mean $2,313 and standard deviation $390. What percent of the families took vacations that cost between $2,000 and $3,000? Slide 13

  14. Example 4 The families of students at Smithtown High School were surveyed about their vacation expenses. The results were normally distributed with mean $2,313 and standard deviation $390. What percent of the families took vacations that cost between $2,000 and $3,000? Slide 14

  15. Example 4 The families of students at Smithtown High School were surveyed about their vacation expenses. The results were normally distributed with mean $2,313 and standard deviation $390. What percent of the families took vacations that cost between $2,000 and $3,000? Slide 15

  16. Example 5 A local travel magazine rates hotels using integers from 0 to 100. Last year they rated over 2,000 hotels. The ratings were normally distributed with mean 78 and standard deviation 6.5. How high would a hotel s rating have to be for it to be considered in the top 10% of rated hotels? Slide 16

  17. Example 5 A local travel magazine rates hotels using integers from 0 to 100. Last year they rated over 2,000 hotels. The ratings were normally distributed with mean 78 and standard deviation 6.5. How high would a hotel s rating have to be for it to be considered in the top 10% of rated hotels? invNorm(.90,0,1) 1.28 Slide 17

  18. Example 5 A local travel magazine rates hotels using integers from 0 to 100. Last year they rated over 2,000 hotels. The ratings were normally distributed with mean 78 and standard deviation 6.5. How high would a hotel s rating have to be for it to be considered in the top 10% of rated hotels? invNorm(.90,0,1) 1.28 Slide 18

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