In: Statistics and Probability
X ~ N(60, 12). Suppose that you form random samples of 25 from this distribution. Let
X
be the random variable of averages. Let ΣX be the random variable of sums.
Find the 20th percentile. (Round your answer to two decimal places.)
solution
Given that,
mean = = 60
standard deviation = = 12
n = 25
= 60
= / n = 12/25=2.4
Using standard normal table,
P(Z < z) = 20%
= P(Z < z) = 0.20
= P(Z < -0.84 ) = 0.20
z = - 0.84 Using standard normal table,
Using z-score formula
= z * +
= - 0.84 *2.4+60
= 57.984
= 57.98