A population of values has a normal distribution with μ=86.1μ=86.1 and σ=46.3σ=46.3. You intend to draw a random sample of size n=232n=232. Please answer the following questions, and show your answers to 1 decimal place. Find the value separating the bottom 88% values from the top 12% values. Find the sample mean separating the bottom 88% sample means from the top 12% sample means.
A population of values has a normal distribution with μ=86.1μ=86.1 and σ=46.3σ=46.3. You intend to draw a random sample of size n=232n=232. Please answer the following questions, and show your answers to 1 decimal place. Find the value separating the bottom 88% values from the top 12% values. Find the sample mean separating the bottom 88% sample means from the top 12% sample means.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
A population of values has a
Find the value separating the bottom 88% values from the top 12% values.
Find the sample
Expert Solution
Step 1
88th implies area of 0.88 to the left of the normal curve.
Refer Standard normal table/Z-table, Lookup for z-score corresponding to area 0.88 to the left of the normal curve OR use excel formula "=NORM.S.INV(0.88)" to find the z-score.
For single value:
Plug in all the values in the formula:
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