The average daily income of 2000 workers is Php 185.00 with a standard deviation of Php 18.00. Assuming that the daily income is normally distributed, A. Find the number of workers having salaries between Php 178.50 and Php 195.50. B. Find the salary of Roman if 33% of the workers receive lower than him. C. Find the salary of Alex if 5% of the workers receive higher than him.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
The average daily income of 2000 workers is Php 185.00 with a standard deviation of Php 18.00. Assuming that the daily income is
A. Find the number of workers having salaries between Php 178.50 and Php 195.50.
B. Find the salary of Roman if 33% of the workers receive lower than him.
C. Find the salary of Alex if 5% of the workers receive higher than him.
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