How do I determine the restricted values in this expression?
1 answer:
A restricted value is a value that will make the fraction undefined, and thus will make it impossible to exist.
Restricted values can exist in two forms: asymptotes and holes.
By simplifying all sides of this expression, we can find the restricted values.
After finding factors, and then cancelling like factors, keeping in mind the original factors in the denominator, we can find three restrictions:
1, 2, and -2.
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Answer:
So the value of height that separates the bottom 10% of data from the top 90% is 30.3.
If the score is lower than 30.3 we consider this score as risk averse
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".
Solution to the problem
Let X the random variable that represent the scores of a population, and for this case we know the distribution for X is given by:
Where and
We are interested in the bottom 10% of the data.
For this part we want to find a value a, such that we satisfy this condition:
(a)
(b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.1 of the area on the left and 0.9 of the area on the right it's z=-1.28. On this case P(Z<-1.28)=0.1 and P(z>-1.28)=0.9
If we use condition (b) from previous we have this:
But we know which value of z satisfy the previous equation so then we can do this:
And if we solve for a we got
So the value of height that separates the bottom 10% of data from the top 90% is 30.3.
If the score is lower than 30.3 we consider this score as risk averse