This being the case, there is a need to have a common yard stick that provides the standardization of such variant data, to give a common statistical result, and thus help the statisticians or the researchers easily and meaningfully interpret and make data inferences. Z-score acts as the common yard that helps to standardize the standard deviation that is observable in data, to arrive at an indication regarding how many standard deviations a certain data is above or below the mean. Through understanding how far or close data is from the mean, it is possible to assess its deviation from the normal distribution. A high deviation of a certain data from the standard normal distribution is an indication that the score obtained in an aspect in question is further from the mean score, while a small deviation indicates that the score is very close to the mean value of the data. The usefulness of a Z score is that it enables statisticians to calculate the probability of any score occurring within the normal distribution. Additionally, a Z score is useful in enabling statisticians and researchers to compare two values or scores that are obtained from two different normal distributions. This standardization of two scores can indicate that while an individual has scored relatively highly in a certain aspect, he/she may not have attained the highest score obtainable in that aspect.
One of the methods that most of the companies are adopting is the ability to exploit intangible assets rather than manager the tangible ones. This ability supplements the old management methods such as restructuring, in a comprehensive concept known as the balanced scorecard.
(Welcome to the Balanced Score Institute 2007).
It takes into account both the internal and external factors in order to continuously benefit strategic performance and when successfully operationalised it. (What is a balanced Score Card 2007). The main aspects that balance scorecard is concerned about is the constant measurement and monitoring of key factors relating to external and internal aspects of the business.
The system utilizes a range of values to determine how critical the potential of bankruptcy is for a particular company. IF a company has a combined ratio lower than 1.8 the company is at risk of bankruptcy. If the score is
The values already gotten involve a combination of factors and weighing to obtain a credit zone of risk that is a measure of discriminative nature. The discriminative nature of the firms emanates from the failures and successes of other firms.
Transformational leadership is the process that transforms or changes individuals by getting them improve on what to change, and to be led (Lussier & Christopher 42). This form of leadership involves assessment of the associate’s
As the term implied, these social networking sites were established for the purpose of uniting friends, families, relatives, and acquaintances into a collaborative digital media where updates on personal and professional information, photos, and activities, are regularly viewed, accessed, as well as updated.
According to Lynn and Vanhanen, the key advocates of climatic hypotheses proposed that tropical climates were not favorable for economic development since high temperatures and high levels of moisture lower effectiveness for working surroundings, prohibit worker and land output, and offer a favorable surrounding for incapacitating illnesses.
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Usefulness of the Z Score Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/statistics/1616441-usefulness-of-the-z-score.
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Statistical data has various characteristics which makes it keep deviating, depending on the statistical tools of analysis that are applied to condense and interpret the data. …