Using the sample data, it was computed that the z-score for a data value of $161 is 0.71. How is the calculated z-score best interpreted?
1) The data value is 0.71 standard deviations below the mean
2) The data value is 0.71 standard deviations above the mean
3) The data value is 0.71 standard deviations away from the mean
4) The data value is 0.71 standard deviations closer to the mean