In: Statistics and Probability
Suppose you own a publishing company. The daily production of books/magazines approximately follows normally distribution with a mean of 5,500 books/magazines per day with a standard deviation of 800 books/magazines per day.
A) Find 'a' such that, P(x>a) = 0.8997
B) Find 'a' such that, P(x<a) = 0.8888
Given,
= 5500 , = 800
We convert this to standard normal as
P(X < x) = P(Z < (x - ) / )
a)
P(X > a) = 0.8997
P(X < a) = 1 - 0.8997
P(X < a) = 0.1003
P(Z < (a - ) / ) ) = 0.1003
From Z table, z-score for the pobability of 0.1003 is -1.28
(a - ) / = -1.28
(a - 5500) / 800 = -1.28
Solve for a
a = 4476
b)
P(X < a) = 0.8888
P(Z< (a - ) / ) ) = 0.8888
From Z table, z-score for the pobability of 0.1003 is 1.22
(a - ) / = 1.22
(a - 5500) / 800 = 1.22
Solve for a
a = 6476