In: Math
A random variable is normally distributed with a mean of 24 and a standard deviation of 6. If an observation is randomly selected from the distribution,
a. What value will be exceeded 5% of the time?
b. What value will be exceeded 90% of the time?
c. Determine two values of which the smaller has 20% of the values below it and the larger has 20% of the values above it.
d. What value will 10% of the observations be below?
Solution:-
Given that,
mean = = 24
standard deviation = = 6
Using standard normal table
a) P(Z > z) = 5%
= 1 - P(Z < z) = 0.05
= P(Z < z) = 1 - 0.05
= P(Z < z ) = 0.95
= P(Z < 1.645 ) = 0.95
z = 1.645
Using z-score formula,
x = z * +
x = 1.645 *6+ 24
x = 33.87
Using standard normal table
b) P(Z > z) = 90%
= 1 - P(Z < z) = 0.90
= P(Z < z) = 1 - 0.90
= P(Z < z ) = 0.10
= P(Z < -1.282 ) = 0.10
z = -1.282
Using z-score formula,
x = z * +
x = -1.282 *6+ 24
x = 16.31
c) Using standard normal table,
P(Z < z) = 20%
= P(Z < z) = 0.20
= P(Z < -0.84) = 0.20
z = -0.84
Using z-score formula,
x = z * +
x = -0.84 *6+ 24
x = 18.96
b) P(Z > z) = 20%
= 1 - P(Z < z) = 0.20
= P(Z < z) = 1 - 0.20
= P(Z < z ) = 0.80
= P(Z < 0.84 ) = 0.80
z = 0.84
Using z-score formula,
x = z * +
x = 0.84 *6+ 24
x = 29.04
Two values = 18.96 and 29.04
d) Using standard normal table,
P(Z < z) = 10%
= P(Z < z) = 0.10
= P(Z < -1.282) = 0.10
z = -1.282
Using z-score formula,
x = z * +
x = -1.282 *6+ 24
x = 16.31