Savings Recently, a random sample of 25–34 year olds was asked, “How much do you currently have in savings, not including retirement savings?” The following data represent the responses to the survey. Approximate the mean and standard deviation amount of savings.
Table of contents
- 1. Intro to Stats and Collecting Data1h 14m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically2h 5m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables3h 6m
- 6. Normal Distribution and Continuous Random Variables2h 11m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 23m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - Excel23m
- Introduction to Confidence Intervals15m
- Confidence Intervals for Population Mean1h 18m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - Excel28m
- Confidence Intervals for Population Means - Excel25m
- 8. Sampling Distributions & Confidence Intervals: Proportion2h 10m
- 9. Hypothesis Testing for One Sample5h 9m
- Steps in Hypothesis Testing1h 6m
- Performing Hypothesis Tests: Means1h 4m
- Hypothesis Testing: Means - Excel42m
- Performing Hypothesis Tests: Proportions37m
- Hypothesis Testing: Proportions - Excel27m
- Performing Hypothesis Tests: Variance12m
- Critical Values and Rejection Regions28m
- Link Between Confidence Intervals and Hypothesis Testing12m
- Type I & Type II Errors17m
- 10. Hypothesis Testing for Two Samples5h 37m
- Two Proportions1h 13m
- Two Proportions Hypothesis Test - Excel28m
- Two Means - Unknown, Unequal Variance1h 3m
- Two Means - Unknown Variances Hypothesis Test - Excel12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - Excel9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - Excel21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - Excel12m
- Two Variances and F Distribution29m
- Two Variances - Graphing Calculator16m
- 11. Correlation1h 24m
- 12. Regression3h 33m
- Linear Regression & Least Squares Method26m
- Residuals12m
- Coefficient of Determination12m
- Regression Line Equation and Coefficient of Determination - Excel8m
- Finding Residuals and Creating Residual Plots - Excel11m
- Inferences for Slope31m
- Enabling Data Analysis Toolpak1m
- Regression Readout of the Data Analysis Toolpak - Excel21m
- Prediction Intervals13m
- Prediction Intervals - Excel19m
- Multiple Regression - Excel29m
- Quadratic Regression15m
- Quadratic Regression - Excel10m
- 13. Chi-Square Tests & Goodness of Fit2h 21m
- 14. ANOVA2h 28m
3. Describing Data Numerically
Standard Deviation
Problem 3.4.6
Textbook Question
Birth Weights Babies born after a gestation period of 32–35 weeks have a mean weight of 2600 grams and a standard deviation of 660 grams. Babies born after a gestation period of 40 weeks have a mean weight of 3500 grams and a standard deviation of 470 grams. Suppose a 34-week gestation period baby weighs 3000 grams and a 40-week gestation period baby weighs 3900 grams. What is the z-score for the 34-week gestation period baby? What is the z-score for the 40-week gestation period baby? Which baby weighs less relative to the gestation period?
Verified step by step guidance1
Identify the mean (\( \mu \)) and standard deviation (\( \sigma \)) for each gestation period group. For the 34-week baby (which falls in the 32–35 weeks group), use \( \mu = 2600 \) grams and \( \sigma = 660 \) grams. For the 40-week baby, use \( \mu = 3500 \) grams and \( \sigma = 470 \) grams.
Recall the formula for the z-score, which measures how many standard deviations a value is from the mean:
\[ z = \frac{X - \mu}{\sigma} \]
where \( X \) is the observed value (baby's weight), \( \mu \) is the mean, and \( \sigma \) is the standard deviation.
Calculate the z-score for the 34-week baby by substituting \( X = 3000 \), \( \mu = 2600 \), and \( \sigma = 660 \) into the formula:
\[ z_{34} = \frac{3000 - 2600}{660} \]
Calculate the z-score for the 40-week baby by substituting \( X = 3900 \), \( \mu = 3500 \), and \( \sigma = 470 \) into the formula:
\[ z_{40} = \frac{3900 - 3500}{470} \]
Compare the two z-scores to determine which baby weighs less relative to their gestation period. The baby with the lower z-score (more negative or smaller value) weighs less compared to the average weight for that gestation period.
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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Z-Score
A z-score measures how many standard deviations a data point is from the mean of its distribution. It is calculated by subtracting the mean from the value and dividing by the standard deviation. Z-scores allow comparison of values from different distributions by standardizing them.
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Mean and Standard Deviation
The mean is the average value of a dataset, representing its central tendency. The standard deviation quantifies the amount of variation or dispersion around the mean. Together, they describe the distribution of data and are essential for calculating z-scores.
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Comparing Relative Positions Across Different Groups
When comparing values from different groups with distinct means and standard deviations, z-scores help determine which value is relatively higher or lower within its group. This standardization enables meaningful comparisons despite differing scales or variability.
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