Clare analyzes oil prices in her economics class. She finds that the mean oil price between 1988 and 2002 is $27 per barrel with a standard deviation of $5.50 per barrel. Select the z-score for a price of $35.25 per barrel. (Select one answer) 0.67

1.5

8.25

-8.25

Option 2: 1.5 is the correct answer.

Step-by-step explanation:

Given information is:

Mean = μ = $27

SD = σ = $5.50

A z-score simply tells us how far a selected data value from the mean is.

Z-score is denoted by z and is given by the formula:

Let x = $35.25

Putting the values of mean and SD we get,

The value of z-score for a price of $35.25 per barrel is 1.5

Hence,

Option 2: 1.5 is the correct answer.

the formula of a slope:

we have the points (-2, 7) and (2, 3). substitute:

y = 3x+4

step-by-step explanation:

to find the slope

slope = (y2-y1)/ (x2-x1)

    = (-8-4)/ (-4-0)

    = -12/-4

  = 3

using the slope intercept form of a line

y= mx+b

we know the slope is 3

we know the y intercept is 4 ( the point where it crosses the y axis or x=0)

y = 3x+4