In: Statistics and Probability
Salaries for teachers in a particular elementary school district are normally distributed with a mean of $46,000 and a standard deviation of $4,500. We randomly survey ten teachers from that district. (Round your answers to the nearest dollar.)
A) Find the 90th percentile for an individual teacher's salary.
B)Find the 90th percentile for the average teacher's salary.
Solution:
Given that,
mean = = 46,000
standard deviation = = 4,500
Using standard normal table,
a ) P(Z < z) = 90%
P(Z < z) = 0.90
P(Z < 1.28) = 0.27
z = 1.28
Using z-score formula,
x = z * +
x = 1.28 * 4,500 + 46,000
x = 51760
The 90th percentile =51760
b )n = 10
= 46,000
= / n = 4,50010 =1423.0249
P(Z < z) = 90%
P(Z < z) = 0.90
P(Z < 1.28) = 0.27
z = 1.28
Using z-score formula,
= z * +
= 1.28 * 1423.0249 + 46,000
= 47821.47
The 90th percentile =47821