When John receives $1,000 a year from now, the $1,000 he invested today will be worth $ more than the $1,000 he receives in the
1 answer:
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Answer:
a)
b)
Step-by-step explanation:
1) 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".
2) Part a
Let X the random variable that represent the carbon monoxide exposure of someone riding a motorbike for 5 km on a highway in a particular city of a population, and for this case we know the distribution for X is given by:
Where and
(a) Approximately what proportion of those who ride a motorbike for 5 km on a highway in this city will experience a carbon monexide exposure of more than 20 ppm? (Round your answer to fou decimal places.)
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability on this way:
b) Approximately what proportion of those who ride a motorbike for 5 km on a highway in this city will experience a carbon monoxide exposure of more than 25 ppm? (Round your answer to four decimal places.)
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability on this way: