Question

In: Math

Let Z be a normal random variable with mean µ = 0 and standard deviation σ...

Let Z be a normal random variable with mean µ = 0 and standard deviation σ = 1, that is, Z ∼ N(0, 1). Find each of the following:

(a) P(Z ≤ −1.13).

(b) P(Z ≥ −2.18).

(c) P(2.13 ≤ Z ≤ 2.57).

(d) P(−2.3 ≤ Z ≤ −1.1).

(e) P(0 ≤ Z ≤ 1.54).

(f) P(−1.54 ≤ Z ≤ 1.54).

(g) N(1.1243).

(h) N(−1.1243).

Solutions

Expert Solution

Answers

All probabilities are obtained using Standard Normal Tables.

(a) P(Z ≤ −1.13) = 0.1292 Answer

(b) P(Z ≥ −2.18) = 0.9854 Answer

(c) P(2.13 ≤ Z ≤ 2.57)

     = P(Z ≤ 2.57) - P(Z ≤ 2.13)

     = 0.9949 – 0.9834

     = 0.0115 Answer

(d) P(−2.3 ≤ Z ≤ −1.1)

     = P(Z ≤ - 1.1) - P(Z ≤ - 2.3)

     = 0.1357 – 0.0107

     = 0.1250 Answer

(e) P(0 ≤ Z ≤ 1.54)

     = P(Z ≤ 1.54) - P(Z ≤ 0)

     = 0.9382 – 0.5

     = 0.4382 Answer

(f) P(−1.54 ≤ Z ≤ 1.54)

    = P(Z ≤ 1.54) - P(Z ≤ - 1.54)

     = 0.9382 – 0.0618

     = 0.8764 Answer

[NOTE: By symmetry property of Normal distribution, P(−1.54 ≤ Z ≤ 0) = P(0 ≤ Z ≤ 1.54). So,   

P(−1.54 ≤ Z ≤ 1.54) = 2 x P(0 ≤ Z ≤ 1.54) = 2 x Answer of (e)]

(g) N(1.1243)

     =P(Z ≤ 1.1243)

     = 0.8931 Answer

(h) N(−1.1243).

     =P(Z ≤ - 1.1243)

     = P(Z ≥ 1.1243) [By symmetry property of Normal distribution]

     = 1 – Answer of (g)

     = 0.1069 Answer

DONE


Related Solutions

Let z be a standard normal random variable with a mean of 0 and a standard...
Let z be a standard normal random variable with a mean of 0 and a standard devi- ation of 1. Find the following probabilities: (a) P(−0.5<z<0.5) (b) P(−.5<z<1.5) (c) P(−1.5<z<−.75) (d) P(2<z<3)
1. Let  z be a normal random variable with mean 0 and standard deviation 1. What is...
1. Let  z be a normal random variable with mean 0 and standard deviation 1. What is P(-2.25 <  z < -1.1)? 0.1235 0.3643 0.8643 0.4878 You are offered an investment opportunity. Its outcomes and probabilities are presented in the following table. x P(x) -$1,000 .40 $0 .20 +$1,000 .40 ​ 2. The mean of this distribution is _____________. $400 $0 $-400 $200 3. T/F. The probability that the complement of an event will occur is given by P(E') = 1 -...
Part A: Suppose a random variable X have mean of µ and standard deviation σ. Let...
Part A: Suppose a random variable X have mean of µ and standard deviation σ. Let a and b be constants. i) Derive the expected value of aX + b. ii) Derive standard deviation of aX + b Part B: Suppose that in country A, the price of certain good has a mean of $100 and a variance of 25, in A-dollars. Country B has a fixed exchange rate with A so that it takes 2 B-dollars to buy 1...
1. Consider a standard normal random variable with μ = 0 and standard deviation σ =...
1. Consider a standard normal random variable with μ = 0 and standard deviation σ = 1. (Round your answers to four decimal places.) (a)    P(z < 2) = (b)    P(z > 1.16) = (c)    P(−2.31 < z < 2.31) = (d)    P(z < 1.82) = 2. Find the following probabilities for the standard normal random variable z. (Round your answers to four decimal places.) (a)    P(−1.49 < z < 0.65) = (b)    P(0.56 < z < 1.74) = (c)    P(−1.54 < z < −0.46) = (d)    P(z...
1. Consider a standard normal random variable with μ = 0 and standard deviation σ =...
1. Consider a standard normal random variable with μ = 0 and standard deviation σ = 1. (Round your answers to four decimal places.) (a)    P(z < 2) = (b)    P(z > 1.16) = (c)    P(−2.31 < z < 2.31) = (d)    P(z < 1.82) = 2. Find the following probabilities for the standard normal random variable z. (Round your answers to four decimal places.) (a)    P(−1.49 < z < 0.65) = (b)    P(0.56 < z < 1.74) = (c)    P(−1.54 < z < −0.46) = (d)    P(z...
Consider a standard normal random variable with μ = 0 and standard deviation σ = 1....
Consider a standard normal random variable with μ = 0 and standard deviation σ = 1. (Round your answers to four decimal places.) (a)     P(z < 2) = (b)     P(z > 1.13) = (c)     P(−2.39 < z < 2.39) = (d)     P(z < 1.88) =
Let z denote a random variable having a normal distribution with μ = 0 and σ...
Let z denote a random variable having a normal distribution with μ = 0 and σ = 1. Determine each of the probabilities below. (Round all answers to four decimal places.) (a) P(z < 0.2) =   (b) P(z < -0.2) =   (c) P(0.40 < z < 0.86) =   (d) P(-0.86 < z < -0.40) =   (e) P(-0.40 < z < 0.86) =   (f) P(z > -1.24) =   (g) P(z < -1.5 or z > 2.50) =
Let z denote a random variable having a normal distribution with μ = 0 and σ...
Let z denote a random variable having a normal distribution with μ = 0 and σ = 1. Determine each of the following probabilities. (Round all answers to four decimal places.) (a) P(z < 0.1) = (b) P(z < −0.1) = (c) P(0.40 < z < 0.85) = (d) P(−0.85 < z < −0.40) = (e) P(−0.40 < z < 0.85) = (f) P(z > −1.25) = (g) P(z < −1.5 or z > 2.50) = Let z denote a...
Let z be a random variable with a standard normal distribution. Find P(0 ≤ z ≤...
Let z be a random variable with a standard normal distribution. Find P(0 ≤ z ≤ 0.46), and shade the corresponding area under the standard normal curve. (Use 4 decimal places.)
A. A normal random variable has an unknown mean μ and a standard deviation σ =...
A. A normal random variable has an unknown mean μ and a standard deviation σ = 2. If the probability that x exceeds 6.5 is .9732; find μ. B. A standard normal random variable has μ = 0 and a standard deviation σ = 1. Find the probability of less than -2.73. C. A standard normal random variable has μ = 0 and a standard deviation σ = 1. Find the probability greater than 3.28. D. A standard normal random...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT