Chapter 3.4,Problem 1BSC z Scores James Madison, the fourth President of the United States, was 163 cm tall. His height converts to the z score of –2.28 when included among the heights of all presidents. Is his height above or below the mean? How many standard deviations is Madison’s height away from the mean?
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Textbook Solutions for Elementary Statistics
Question
z Scores. In Exercises, express all z scores with two decimal places.
Jobs’ Job When Steve Jobs was Chief Executive Officer (CEO) of Apple, he earned an annual salary of $1. The CEOs of the 50 largest U.S. companies had a mean salary of $1, 449, 779 and a standard deviation of $527, 651 (based on data from USA Today).
a. What is the difference between Jobs’ salary and the mean CEO salary?
b. How many standard deviations is that (the difference found in part (a))?
c. Convert Steve Jobs’ salary to a z score.
d. If we consider “usual” salaries to be those that convert to z scores between -2 and 2, is Steve Jobs’ salary usual or unusual?
Solution
Step 1 of 5
Jobs’ Job When Steve Jobs was Chief Executive Officer (CEO) of Apple, he earned an annual salary of $1. The CEOs of the 50 largest U.S. companies had a mean salary of $1, 449, 779 and a standard deviation of $527, 651.
We know that mean \(\mu=\$ 1,449,779\) and standard deviation \(\sigma=\$ 527,651\)
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