Questions: The mean monthly rent of students at Oxnard University is 970 with a standard deviation of 204. (a) John's rent is 1,390. What is his standardized z-score? (Round your answer to 3 decimal places.)

The mean monthly rent of students at Oxnard University is 970 with a standard deviation of 204. (a) John's rent is 1,390. What is his standardized z-score? (Round your answer to 3 decimal places.)
Transcript text: The mean monthly rent of students at Oxnard University is $\$ 970$ with a standard deviation of $\$ 204$. (a) John's rent is $\$ 1,390$. What is his standardized $z$-score? (Round your answer to 3 decimal places.)
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Solution

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Solution Steps

Step 1: Identify the Given Values

We are given the following values:

  • Mean monthly rent, \(\mu = 970\)
  • Standard deviation, \(\sigma = 204\)
  • John's rent, \(X = 1390\)
Step 2: Calculate the Z-Score

The formula for calculating the standardized \(z\)-score is:

\[ z = \frac{X - \mu}{\sigma} \]

Substituting the given values:

\[ z = \frac{1390 - 970}{204} = \frac{420}{204} \approx 2.0588 \]

Step 3: Round the Z-Score

Round the \(z\)-score to three decimal places:

\[ z \approx 2.059 \]

Final Answer

\(\boxed{z \approx 2.059}\)

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