What is the z-score for a backyard structure

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Question: Many families in California are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose that the mean price for a customized wooden, shingled backyard structure is 53100. Assume that the standard deviation is $1200.

a. What is the z-score for a backyard structure costing $2300?

b. What is the z-score for a backyard structure costing $4900?

c. Interpret the z-scores in parts (a) and (b). Comment on whether either should be considered an outlier.

d. If the cost for a backyard shed-office combination built in Albany, Califomia, is $ 13.000, should this structure be considered an outlier? Explain.

Reference no: EM131454892

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