Predict the annual salary in dollars for a mathematics instructor with 10 years of experience. Number of Years 7 9 6 7 11 12 11 3 3 7 9 1 Salary (in Dollars) $48,897.00 $62,866.00 $54,585.00 $56,611.00 $53,541.00 $53,541.00 $47,027.00 $47,970.00 $46,668.00 $48,029.00 $46,735.00 $45,000.00
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Predict the annual salary in dollars for a mathematics instructor with 10 years of experience.
Number of Years 7 9 6 7 11 12 11 3 3 7 9 1
Salary (in Dollars) $48,897.00 $62,866.00 $54,585.00 $56,611.00 $53,541.00 $53,541.00 $47,027.00 $47,970.00 $46,668.00 $48,029.00 $46,735.00 $45,000.00
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