John is a car salesman. He earns 5.5% commission on all cars he sells. How much commission would John earn if sold a new car for
2 answers:
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Answer:
a)
And we can find this probability with this difference:
And using the norma standard distribution or excel we got:
b)
And using the complement rule we got:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Part a
Let X the random variable that represent the variable of interest of a population, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability with this difference:
And using the norma standard distribution or excel we got:
Part b
For this case we want this probability:
And we can use the z score and we got:
And using the complement rule we got: