What z-score separates the highest 3 percent of the standard normal distribution from the lower 97...

What z-score separates the highest 3 percent of the standard normal distribution from the lower 97 percent (i.e. represents the 97th percentile)?

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Expert Solution

Solution:

We have to find the z-score corresponding to an area = 0.97. Using the standard normal table, we have:

milcah answered 8 months ago

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