M3A2 Methods Speech or Presentation Example | Topics and Well Written Essays - 500 words

M3A2 Methods - Speech or Presentation ExampleStandard scores also offer elbow room to analysts to convert scores from different data sets into scores that can be accurately compared to each other.A good scenario of where to use the z-score especially in the business environment is to measure the bankruptcy probability of a federation. Say you are a statistician and you are given a mandate to check whether a company (may be a manufacturing or any other service) is either at a peril of corporate collapse or is at higher level of liquidity and earnings, which can be understand as having a smaller probability of bankruptcy. In this case, you need to check or determine signs of company bankruptcy. As an analyst you will hasten to look at various possible factors 9financial ratios) affecting the constancy of a company. This may includeIt is important to understand that these factors are unique from each other and have different story about the firms financial status. It can be a sec ond gear confusing to compare them. However, it becomes very easy to compare the different scores using z-score.In this case, when z-score value