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Zolol [24]
4 years ago
6

Let the random variable Z follow a standard normal distribution.

Business
1 answer:
Bas_tet [7]4 years ago
8 0

Answer:

(a) <em>z</em> = 0.53

(b) <em>z</em> -0.67

(c) <em>z</em> = -0.84

(d) <em>z</em> = 0.26

Explanation:

A standard normal distribution has mean 0 and standard deviation 1.

(a)

Compute the value of <em>z</em> for P (<em>Z</em> < <em>z</em>) = 0.70 as follows:

Consider the<em> </em>standard normal table for the value of <em>z.</em>

The value of <em>z</em> is 0.53.

(b)

Compute the value of <em>z</em> for P (<em>Z</em> < <em>z</em>) = 0.25 as follows:

Consider the<em> </em>standard normal table for the value of <em>z.</em>

The value of <em>z</em> is -0.67.

(c)

Compute the value of <em>z</em> for P (<em>Z</em> > <em>z</em>) = 0.20 as follows:

P (Z > z) = 0.20

1 - P (Z < z) = 0.20

P (Z < z) = 0.80

Consider the<em> </em>standard normal table for the value of <em>z.</em>

The value of <em>z</em> is -0.84.

(d)

Compute the value of <em>z</em> for P (<em>Z</em> > <em>z</em>) = 0.60 as follows:

P (Z > z) = 0.60

1 - P (Z < z) = 0.60

P (Z < z) = 0.40

Consider the<em> </em>standard normal table for the value of <em>z.</em>

The value of <em>z</em> is 0.26.

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