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Morgarella [4.7K]
2 years ago
11

Find the Z-scores that separate the middle 61% of the distribution from the area in the tails of the standard normal distributio

n
Mathematics
1 answer:
professor190 [17]2 years ago
8 0

Answer:

Z-scores between -0.86 and 0.86 separate the middle 61% of the distribution from the area in the tails of the standard normal distribution

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

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 p-value, we get the probability that the value of the measure is greater than X.

Middle 61%

Between the 50 - (61/2) = 19.5th percentile and the 50 + (61/2) = 80.5th percentile.

19.5th percentile.

Z with a pvalue of 0.195. So Z = -0.86

80.5th percentile.

Z with a pvalue of 0.805. So Z = 0.86.

Z-scores between -0.86 and 0.86 separate the middle 61% of the distribution from the area in the tails of the standard normal distribution

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sineoko [7]

2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.

Step-by-step explanation:

The given is,

               Initial investment - $5000

               Future amount - $6000

               Interest rate - 7.5% (compounded quarterly)

Step:1

           Formula to calculate the Future amount with compound interest,

                                   F = P(1+\frac{r}{n} )^{nt}...................................(1)

          Where, F - Future amount

                           P - Initial amount

                            r - Rate of interest

                           n - No. of compounding in a year

                            t - Time period

          From given,

                      F = $6000

                      P = $5000

                       r = 7.5%

                       n = 4 (compounded quarterly)

        Equation (1) becomes,

                              6000=5000(1+\frac{0.075}{4} )^{(t)(4)}

                               \frac{6000}{5000} =(1+0.01875)^{4t}

                                 1.2 = (1.01875)^{4t}

         Take log on both sides,

                            log 1.2 = 4(t) log 1.01875

         Substitute log values,

                       0.07918 = 4(t) (0.0080676)

                                      = (t) (0.0322705)

                                   t = \frac{0.07918}{0.0322705}

                                      = 2.45

                                   t ≅ 2.5 years

Result:

         2.5 years required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.

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kati45 [8]

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Happy to help :)

If anyone need more help, feel free to ask

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