When would you need to use the Rule Of 72?
1 answer:
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Answer:
The probability is 0.508 = 50.8%.
Step-by-step explanation:
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the z-score of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.
Normally distributed with a mean weight of 0.8544 g and a standard deviation of 0.0525 g.
This means that
If 1 candy is randomly selected, find the probability that it weighs more than 0.8535 g.
This is 1 subtracted by the pvalue of Z when X = 0.8535. So
has a pvalue of 0.492
1 - 0.492 = 0.508
The probability is 0.508 = 50.8%.