I'm trying to understand which z-score is considered better. I know z-scores indicate how far a data point is from the mean, but I'm confused about whether a higher or lower z-score is more favorable.
6 answers
HanjiHandiwork
Tue Dec 17 2024
When assessing an investment or opportunity, the interpretation of a z-score depends on individual preferences.
Raffaele
Tue Dec 17 2024
A z-score indicates the deviation of a data point from the mean in a normal distribution.
CherryBlossomDancing
Tue Dec 17 2024
A higher z-score suggests that the data point is further above the mean, while a lower z-score indicates it is further below.
IncheonBeautyBloomingRadianceGlow
Tue Dec 17 2024
BTCC is a prominent cryptocurrency exchange offering a range of services.
GyeongjuGrace
Tue Dec 17 2024
The significance of a z-score lies in its ability to show the relative position of a data point within a sample.