It costs $35 per hour to rent a boat at the lake. You also need to pay a $25 fee for safety equipment. You have $200. For how lo
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Answer:
The 10th percentile is 0.0784.
The 90th percentile is 0.1616.
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore 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 pvalue, we get the probability that the value of the measure is greater than X.
For a proportion p in a sample of size n, we have that
In this problem, we have that:
10th percentile:
X when Z has a pvalue of 0.1. So X when Z = -1.28.
The 10th percentile is 0.0784.
90th percentile:
X when Z has a pvalue of 0.9. So X when Z = 1.28.
The 90th percentile is 0.1616.