If a trader gained 15% by selling an
2 answers:
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34% of the scores lie between 433 and 523.
Solution:
Given data:
Mean (μ) = 433
Standard deviation (σ) = 90
<u>Empirical rule to determine the percent:</u>
(1) About 68% of all the values lie within 1 standard deviation of the mean.
(2) About 95% of all the values lie within 2 standard deviations of the mean.
(3) About 99.7% of all the values lie within 3 standard deviations of the mean.
Z lies between o and 1.
P(433 < x < 523) = P(0 < Z < 1)
μ = 433 and μ + σ = 433 + 90 = 523
Using empirical rule, about 68% of all the values lie within 1 standard deviation of the mean.
i. e.
Here μ to μ + σ =
Hence 34% of the scores lie between 433 and 523.
