In: Statistics and Probability
4. MIT is college whose members possess IQs in the top 2% of the population. If IQs are normally distributed, with mean 100 and a standard deviation of 16, what is the minimum IQ required for admission to IT? .
b)If 20 individuals were randomly selected, what is the probability that the average IQ for the group is 110?
a)
Mean = = 100
Standard deviation = = 16
Top 2%
P[ X > x ] = 2% = 0.02
P[ ( X - )/ > ( x - )/ ] = 0.02
P[ ( X - 100 )/ 16 > ( x - 100 )/ 16 ] = 0.02
P[ Z > ( x - 100 )/ 16 ] = 0.02
Also,
P[ Z > 2.54 ] = 0.02
( x - 100 )/ 16 = 2.54
( x - 100 ) = 16*2.54
x - 100 = 40.64
x = 100 + 40.64
x = 140.64
b)
The following information about the mean and standard deviation has been provided:
We need to compute . The corresponding z-value needed to be computed:
Therefore,