Answer:
The value is [tex]z = -8.4[/tex]
Step-by-step explanation:
From the question we are told that
The sample size is n = 70
The mean is [tex]\mu = \$ 5971[/tex]
The standard deviation is [tex]\sigma = \$ 219[/tex]
The sample mean is [tex]\= x = \$ 5751[/tex]
Generally the number of standard deviations the sample mean is from the mean of the distribution is mathematically represented as
[tex]z = \frac{\= x - \mu }{ \frac{\sigma}{\sqrt{n} } }[/tex]
=> [tex]z = \frac{ 5751 -5971 }{ \frac{219 }{\sqrt{ 70 } } }[/tex]
=> [tex]z = \frac{ 5751 -5971 }{ \frac{219 }{\sqrt{ 70 } } }[/tex]
=> [tex]z = -8.4[/tex]