Z-Scores As A Measure Of performance
Z-Scores as a Measure of Performance
Z-scores are sometimes used as a way to measure an individual performance in relation to the population performance. Z-scores are defined as
[pic]
In statistics we use symbols; X is used for the data value, [pic]is used for the mean, and s is used for standard deviation.
The definition of a z-score, using standard symbols is: [pic].
A positive z-score stands for an above average performance, a negative one is for a performance below the average.
Example 1:
Becky has scored an 83 on her history test and a 74 on her Statistics project. If the mean of the history tests was a 76 with a standard deviation of 13 and the scores on the Statistics project had a mean of 69 with a standard deviation of 8, then, relatively speaking, did Becky do better in her history or Stats class?
Solution:
Example 2:
In a certain city the mean price of a quart of milk is $0.63 with a standard deviation of $.08. The mean price of a package of bacon is $1.80 with a standard deviation of $0.15. If we pay $0.89 for a quart of milk and $2.19 for a package of bacon at a convenience store, which is (in relative terms) more expensive, the milk or the bacon?
Solution:
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