BUSS1020 Study Guide - Final Guide: Making Money, Probability Distribution, Exponential Distribution
Document Summary
Hints for using the normal tables: you must be able to use these tables otherwise you will be in grave danger of failing the course (in particular the final exam where you must use them). This topic is very important: we recommend to always draw a diagram to assist your thinking and visualize how to answer the question. See below: remember the properties of the standard normal distribution. It is symmetric about the mean, 0. (note the diagram attempts to be symmetric!: the area under the curve is 1. That is, p(z > 0) = 0. 5 = p(z<0) by symmetry and. P(z<0)+ p(z>0) = 1: draw a line, in your picture, at the number in the probability statement. A + b: p(z < 2) = 0. 5 + 0. 4772 = 0. 9772 therefore p(z > 2) = 1 0. 9772 = 0. 0228. Learning the basics (these questions to be done before the workshop. They will be corrected at the start of the workshop. )
