Questions: The manager of a fast-food restaurant records each day for a year the amount of money received from sales of food that day. Using software, he finds a mean of 1165 and a standard deviation of 220.
a) Today's sale is 1800. Calculate the z-score. Round to 2 decimal places
(A) -2.89
(B) 2.89
(C) 3.26
(D) -2.12
Transcript text: The manager of a fast-food restaurant records each day for a year the amount of money received from sales of food that day. Using software, he finds a mean of $1165 and a standard deviation of $220.
a) Today's sale is $1800. Calculate the z-score. Round to 2 decimal places
(A) -2.89
(B) 2.89
(C) 3.26
(D) -2.12
Solution
Solution Steps
To calculate the $z$-score, we use the formula:
\[ z = \frac{(X - \mu)}{\sigma} \]
where \( X \) is the value of today's sale, \( \mu \) is the mean, and \( \sigma \) is the standard deviation. Plug in the given values and compute the $z$-score.
Step 1: Identify the given values
We are given:
\( X = 1800 \)
\( \mu = 1165 \)
\( \sigma = 220 \)
Step 2: Apply the $z$-score formula
The formula for the $z$-score is:
\[ z = \frac{X - \mu}{\sigma} \]
Step 3: Substitute the given values into the formula
Substituting the values, we get:
\[ z = \frac{1800 - 1165}{220} \]
Step 4: Simplify the expression
\[ z = \frac{635}{220} \approx 2.8864 \]
Step 5: Round the $z$-score to 2 decimal places
\[ z \approx 2.89 \]
Final Answer
The $z$-score for today's sale of \$1800 is \( \boxed{2.89} \). Therefore, the answer is (B) 2.89.