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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
20 Nov 2021

Given information

Use the following information to answer the next four exercises:
 

 

Step-by-step explanation

Step 1.

It is given that

, therefore

Mean, 

Standard Deviation,   

The following formula is used:

  

such that  and this is known as standard normal variate.  

Let the percentile be denoted by  It is that value of  for which

This means that  is a value of  that divides the distribution into two parts such that of the values are less than and remaining   values are less than .  

The probability is calculated as follows:

 

From the normal distribution tables, we get

Replacing with and  with in the equation , we get

 

Therefore, the percentile of the distribution is , which means that the first of the values of are smaller than  

 

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