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A variable is normally distributed with mean 10 and standard deviation 3.

a. Determine and interpret the quartiles of the variable.

b. Obtain and interpret the seventh decile.

c. Find the value that 35% of all possible values of the variable exceed.

d. Find the two values that divide the area under the corresponding normal curve into a middle area of 0.99 and two outside areas of 0.005. Interpret your answer.

Short Answer

Expert verified

a). The variable's quartiles are 7.99,10, and 12.01, and 25%of the observations are less than 7.99,50%less than 10, and 75%less than 12.01.

b). The 7thdecile is equal to 11.572and 70%of the observations are less than 0.524.

C). 35%of all observations are larger than 8.845.

d). 99% of the observations are between -1.997 and 21.997.

Step by step solution

01

Part (a) Step 1: Given Information

Given data:

A variable is normally distributed with a mean 10and a standard deviation 3.

02

Part (a) Step 2: Explanation

To find the z-scores corresponding to the percent 0.25,0.50and 0.75which are:

-0.67,0,0.67

Calculate the following value:

x=μ+zσ

=10+(-0.67)·3

=7.99

x=μ+zσ

=10+(0)·3

=10

x=μ+zσ

=10+(0.67)·3

=12.01

Interpretation: 25%of the observations are less less than 7.99,50%are less than 10, and 75%are less than12.01.

03

Part (b) Step 1: Given Information

Given data:

Mean =10.

Standard deviation=3.

04

Part (b) Step 2: Explanation

Since D7=P70, the 7thdecile is equivalent to the 70th percentile,

To find the z- scores corresponding to the percent 70thpercentile :

0.524

Calculate the following value :

x=μ+zσ

=10+(0.524)·3

=11.572

Interpretation: 70%of the observations are less than $0.524$.

05

Part (c) Step 1: Given Information

Given data:

Mean =10.

Standard deviation=3.

06

Part (c) Step 2: Explanation

To find the z- scores corresponding to the percent 1-0.35=0.65 which is:

-0.385

To calculate the corresponding value:

x=μ+zσ

=10+(-0.385)3

=8.845

Interpretation: 35%of all observations are larger than 8.845

07

Part (d) Step 1: Given Information

Given data:

Mean=10.

Standard deviation=3.

08

Part (d) Step 2: Explanation

To find the z-scores corresponding to the percent 0.005which is:

±3.999

To calculate the corresponding value:

x=μ+zσ

=10+(-3.999)·3

=-1.997

x=μ+zσ

=10+(3.999)·3

=21.997

Interpretation: 99% of the observations are between -1.997 and 21.997

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