Solution-Calculate the mean and standard deviation

Calculate the mean and standard deviation

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1.2 Let us examine the Group-of-Seven (G-7) countries' unemployment rates in year 2002, as shown in the table below.
COUNTRY
Canada
France
Germany
Italy
Japan
United Kingdom United States
UNEMPLOYMENT RATE
7.81 8.97 7.98 9.05 5.28 5.06 5.62
?a. Calculate the mean and standard deviation of the G-7 data on unemployment rates. b. Calculate the individual z-scores of the unemployment rates for Canada and Japan. Describe what these z-score values mean in words.

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Calculate the mean and standard deviation

Reference no: EM13707856

Reference no: EM13707856

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