In: Statistics and Probability
A population of values has a normal distribution with μ = 49.1 and σ = 29.4 . You intend to draw a random sample of size n = 35 . Find P4, which is the mean separating the bottom 4% means from the top 96% means. P4 (for sample means) =
Solution
Given that,
mean = = 49.1
standard deviation = = 29.4
n = 35
= = 49.1
= / n = 29.4 / 35 = 4.97
Using standard normal table,
P(Z < z) = 4%
= P(Z < z) = 0.04
= P(Z < -1.751) = 0.04
z = -1.751
Using z-score formula
= z * +
= -1.751 * 4.97 + 49.1
= 40.4