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Standardizing Normal Variables
Suppose we have a normal population. We can represent it by a normal variable X. Further, we can convert any value of X into a corresponding value Z of the standard normal variable, by using the formula
Where,
X = the value of any random variable
m = the mean of the distribution of the random variable
s = the standard deviation of the distribution
Z = the number of standard deviations from X to the mean of the distribution and is known as the Z score or standard score.
Q. What is a percentage? Ans. Percent means "per hundred", or "out of 100". A percentage can be written as a ratio, or fraction, where the denominator (bottom) is 100.
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