In: Statistics and Probability
Annual votes for a small political party are approximately normally distributed with a mean of 50 000 and a standard deviation of 20 000.
a. What number of total votes would be needed by a party to fall in the lowest 30%?
b. What is the probability of having an above average vote range of between R60000 to R80000?
Solution:
Given: Annual votes for a small political party are approximately normally distributed with a mean of 50 000 and a standard deviation of 20 000.
Mean =
Standard Deviation =
Part a) Find x = number of total votes would be needed by a party to fall in the lowest 30%
That is find x such that:
P( X < x ) = 30%
That is:
P( X < x ) = 0.30
Thus first find z such that:
P( Z < z ) = 0.3000
Look in z table for Area = 0.3000 or its closest area and find corresponding z value.
Area = 0.3015 closest to area = 0.3000 and it corresponds to -0.5 and 0.02
thus z = -0.52
Now use following formula to find x value:
Thus the number of total votes would be needed by a party to fall in the lowest 30% are = 39600 votes.
Part b) Find the probability of having an above average vote range of between R60000 to R80000
That is find:
P( 60000 < X < 80000) = ...............?
Find z scores for x = 60000 and for x = 80000
z score formula is:
Thus we get:
P( 60000 < X < 80000) = P( 0.50 < Z < 1.50 )
P( 60000 < X < 80000) = P( Z < 1.50 ) - P( Z < 0.50 )
Look in z table for z = 1.5 and 0.00 as well as for z = 0.5 and 0.00 and find corresponding area.
P( Z < 0.50) = 0.6915
P( Z< 1.50) = 0.9332
Thus
P( 60000 < X < 80000) = P( Z < 1.50 ) - P( Z < 0.50 )
P( 60000 < X < 80000) = 0.9332 - 0.6915
P( 60000 < X < 80000) = 0.2417