/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 4 Find the value of the probabilit... [FREE SOLUTION] | 91Ó°ÊÓ

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Find the value of the probability of the standard normal variable \(Z\) corresponding to the shaded area under the standard normal curve. $$ P(0.3

Short Answer

Expert verified
The probability of the standard normal variable $Z$ being between 0.3 and 1.83 is approximately 0.3485.

Step by step solution

01

Understand the problem and given information

We have a standard normal variable Z, and we want to find the probability of Z being between 0.3 and 1.83, represented as \(P(0.3 < Z < 1.83)\). This is equivalent to finding the area under the standard normal curve between these two values.
02

Use the Z-table to find cumulative probabilities

To find the probability, we will use the Z-table. The Z-table gives us the cumulative probability of Z up to a certain value. We will look up the cumulative probabilities for 0.3 and 1.83, and then subtract them to find the probability of Z falling between these values. 1. Look up the value for 0.3 in the Z-table. The cumulative probability is 0.6179. 2. Look up the value for 1.83 in the Z-table. The cumulative probability is 0.9664.
03

Subtract cumulative probabilities

Subtract the cumulative probabilities obtained in step 2 to find the probability between 0.3 and 1.83: \(P(0.3 < Z < 1.83) = P(Z < 1.83) - P(Z < 0.3)\) \(P(0.3 < Z < 1.83) = 0.9664 - 0.6179\)
04

Calculate the final probability

Perform the subtraction: \(P(0.3 < Z < 1.83) = 0.3485\) The probability of the standard normal variable Z being between 0.3 and 1.83 is approximately 0.3485.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Probability Calculation
Probability calculation is a fundamental concept in statistics that helps us determine the likelihood of a certain event occurring. When dealing with the standard normal distribution, we focus on calculating the probability of a random variable falling within a specified range. This is visually represented as the area under the curve for that range.
In our exercise, the task was to find the probability of the standard normal variable, denoted as \(Z\), being between two specific values: 0.3 and 1.83. Put simply, this means calculating the likelihood that \(Z\) falls within this interval on the standard normal distribution curve.
  • Start by understanding the problem and deciding what you're calculating.
  • Identify the values of the range you are interested in (0.3 and 1.83 in this case).
  • Utilize the Z-table to find cumulative probabilities, which will help in obtaining the probability for the specific range.
Z-table
The Z-table, also known as the standard normal distribution table, is essential for calculating probabilities related to the normal distribution. It provides the cumulative probability that a standard normal variable \(Z\) is less than or equal to a given value.
When using a Z-table, it's crucial to remember:
  • The Z-table includes values measured from the mean (0) and provides cumulative probabilities for values up to that point.
  • Locate the Z-score by finding the row that represents the first decimal place and the column for the second decimal place of your Z-value.
  • In our problem, you first look up 0.3, obtaining a cumulative probability of 0.6179, and then for 1.83 to get 0.9664.
By using these values, you can compute the probability of \(Z\) falling between any two values by subtracting one cumulative probability from another.
Cumulative Probability
Cumulative probability refers to the probability that a randomly selected score is either less than or equal to a specified value. This method accumulates probabilities up to a certain point on the distribution curve.
In our example, the cumulative probability for \(Z < 0.3\) is 0.6179, meaning that approximately 61.79% of data points are expected to be below 0.3 on the normal distribution. Similarly, for \(Z < 1.83\), it is 0.9664, or 96.64%.
To find the probability that \(Z\) is between two values (e.g., \(0.3 < Z < 1.83\)), simply subtract the cumulative probability of the lower value from that of the upper value. Here is how it's done:
  • Cumulative probability for \(Z < 1.83\) = 0.9664
  • Cumulative probability for \(Z < 0.3\) = 0.6179
  • The probability of \(0.3 < Z < 1.83\) = 0.9664 - 0.6179 = 0.3485
Understanding cumulative probabilities allows us to easily find specific ranges and intervals, providing a deeper insight into datasets with normal distributions.

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