Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Understanding Z-scores and the Empirical Rule in Statistics, Summaries of Economic statistics

The concept of z-scores and the empirical rule in statistics. Z-scores represent the number of standard deviations a value is above or below the mean. The empirical rule, also known as the 68-95-99.7 rule, states that approximately 68% of a distribution lies within one standard deviation of the mean, 95% lies within two standard deviations, and 99.7% lies within three standard deviations. Examples of calculating z-scores and explains the significance of the empirical rule.

What you will learn

  • What is a Z-score and how is it calculated?
  • What is the Empirical Rule and what percentage of a distribution does it cover?
  • How can Z-scores be used to determine the percentage of a distribution that falls between certain values?

Typology: Summaries

2021/2022

Uploaded on 09/12/2022

pumpedup
pumpedup 🇺🇸

4.2

(6)

224 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
This instructional aid was prepared by the Tallahassee Community College Learning Commons.
Z-scores and the Empirical Rule
The heights of individuals within a certain population are normally distributed. That is, it will be
found that most peoples' heights are clustered around an average height, and the farther a
particular height is above or below the average, the less people we would find with that height.
Graphically, it looks like this:
A Z-score tells how many Standard Deviations a value is above or below the Mean.
Suppose that the Mean height (µ) of college basketball players is 6 feet 4 inches (chance the
feet to inches; only one measuring unit is needed 76 inches = µ) with a Standard Deviation (σ)
of 2 inches.
A height of 78" (X) is 2" above the Mean; 2" is one Standard Deviation; so the Z-score
associated with 78" is positive 1.
𝑋 𝜇
𝜎 = 78 76
2 = 2
2 = 1
A height of 74" (X) is 2" below the Mean; 2" one Standard Deviation; so the Z-score
associated with 72" is negative 1.
𝑋 𝜇
𝜎= 74 76
2= 2
2= −1

z=1
z=-1
pf2

Partial preview of the text

Download Understanding Z-scores and the Empirical Rule in Statistics and more Summaries Economic statistics in PDF only on Docsity!

This instructional aid was prepared by the Tallahassee Community College Learning Commons.

Z-scores and the Empirical Rule

The heights of individuals within a certain population are normally distributed. That is, it will be found that most peoples' heights are clustered around an average height, and the farther a particular height is above or below the average, the less people we would find with that height. Graphically, it looks like this: A Z-score tells how many Standard Deviations a value is above or below the Mean. Suppose that the Mean height (μ) of college basketball players is 6 feet 4 inches (chance the feet to inches; only one measuring unit is needed 76 inches = μ) with a Standard Deviation (σ) of 2 inches.  A height of 78" (X) is 2" above the Mean; 2" is one Standard Deviation; so the Z-score associated with 78" is positive 1. 𝑋 − 𝜇 𝜎

 A height of 74" (X) is 2 " below the Mean; 2" one Standard Deviation; so the Z-score associated with 72" is negative 1. 𝑋 − 𝜇 𝜎

 z=-1 z=

This instructional aid was prepared by the Tallahassee Community College Learning Commons. Empirical Rule or 68- 95 - 99.7 Rule: The Empirical Rule says that:  Approximately 68% of the distribution will be within one standard deviation of the mean. This is Z =+ 1  Approximately 95% of the distribution will be within two standard deviations of the mean. This is Z = + 2  Approximately 9 9.7% of the distribution will be within three standard deviations of the mean. This is Z = + 3 It is easier to work with the Empirical Rule if the percentages are broken down evenly. The 68% can be split into 34% on each side of the Mean, so from the Mean to the First Z-score there will be 34% of the Distribution. This can also be applied to the 95%. If it is split in half, there will be 47.5% between the Mean and the Second Z-score. To calculate the percentage between the First Z-score and the Second Z-score just subtract the 34% from the 47.5%: 47.5%-34%=13.5% This can be done to the Third Z-score and the 99.7%. The result of the breakdown will look like this: