Used Simple Z Score Calculator for Android?


Simple Z Score Calculator Analysis

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Simple Z Score Calculator is a dedicated application designed to assist users in calculating Z scores efficiently. This productivity tool is particularly useful for students, researchers, and professionals who require statistical analysis in their work. The application provides a straightforward interface that allows users to input values and obtain Z scores with minimal effort. It is designed to handle multiple data sets seamlessly, making it ideal for various business applications.

In addition to its primary function, Simple Z Score Calculator offers features such as saving and exporting results, which enhances its usability in professional environments. The app supports various input formats, ensuring that users can work with their preferred data presentation. With its focus on delivering accurate results quickly, this application stands out as a reliable resource for anyone needing to perform statistical calculations on the go.


Used Simple Z Score Calculator for Android?


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Full Specifications

GENERAL
Release
Latest update
Version
1.23
OPERATING SYSTEMS
Platform
Android
Additional Requirements
Android 2.3.3 and up
POPULARITY
Total Downloads
150
Downloads Last Week
0

Report Software

Program available in other languages


Last Updated


Developer’s Description

Assess the financial viability of your clients and suppliers.
Simple Z Score Calculator is one of the tools used by financial analysts to assess the viability of a business. Corporate failure is linked to a series of actions which are related to a company's fundamentals which long-term reflect the likelihood of a business going bankrupt. According to this statement, Prof.E.I.Altman developed in 1968 a multivariate statistical model considering a linear combination of several financial ratios that allow to differentiate between failing companies a non-failing ones. The result obtained from the model gives what is known as the Z-score. Low values indicate the company has a high probability of failing while high values predict the company is less likely to fail. In fact, Altman's seminal work predicted correctly 72% of the bankrupted companies two years prior to the event.However, the Z-score is an explanatory tool rather than an instrument to forecast business viability, and this tool should only be used as a baseline or a first approach to viability assessment. For instance, Altman himself suggests to analyse thoroughly those companies with lower Z-index values while resources and time can be saved with those obtaining higher values.

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Content created and reviewed by Softonic with information obtained from Business Research & Applications, using AI.

CNET's editorial team was not involved in the creation of this content. Opinions, analysis and reviews were not provided by CNET.