(Answered) 1 create standardized scores for all scale variables price

Management Studies

1. Create standardized scores for all scale variables (price through alcohol). Which beverages have positive standardized scores on every variable? What does this mean?

2. What is the most extreme z-score on each variable? What is the most extreme z-score across all variables?

3. What beverage is most typical of all beverages, that is, has z-score values closest to 0 for these variables?

4. If the variable is normally distributed, what percentage of cases should be above 1 standard deviation from the mean or below 1 standard deviation from the mean? Calculate this percentage for a couple of the variables. Is the percentage of beverages with an absolute zscore above 1 close to the theoretical value?

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