Chapter 6: Problem 57
a. Find a \(z_{0}\) such that \(P\left(z>z_{0}\right)=.9750 .\) b. Find a \(z_{0}\) such that \(P\left(z>z_{0}\right)=.3594\).
Short Answer
Expert verified
Answer: The values of \(z_0\) are (a) \(z_0=-1.96\) and (b) \(z_0=0.35\).
Step by step solution
01
Find the probability \(P(z\leq z_0)\) for Part a
Given \(P(z>z_0)=0.9750\), we can determine the complementary probability for \(P(z\leq z_0)\) by using the fact that the total probability under the normal distribution curve is equal to 1. Therefore, we have: \(P(z\leq z_0)=1-P(z>z_0)=1-0.9750=0.0250\).
02
Look up the \(z\)-score for Part a
Now, we can use the standard normal \(z\)-score table to find the \(z_0\) corresponding to \(P(z\leq z_0)=0.0250\). Looking up this value in the table gives us a \(z\)-score of -1.96.
03
Result for Part a
The desired value of \(z_0\) for Part a is \(z_0=-1.96\) such that \(P(z>z_0)=0.9750\).
**Part b:**
04
Find the probability \(P(z\leq z_0)\) for Part b
Given \(P(z>z_0)=0.3594\), we can determine the complementary probability for \(P(z\leq z_0)\) by using the fact that the total probability under the normal distribution curve is equal to 1. Therefore, we have: \(P(z\leq z_0)=1-P(z>z_0)=1-0.3594=0.6406\).
05
Look up the \(z\)-score for Part b
Now, we can use the standard normal \(z\)-score table to find the \(z_0\) corresponding to \(P(z\leq z_0)=0.6406\). Looking up this value in the table gives us a \(z\)-score of 0.35.
06
Result for Part b
The desired value of \(z_0\) for Part b is \(z_0=0.35\) such that \(P(z>z_0)=0.3594\).
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Z-score
The Z-score is a way to describe a position within a standard normal distribution. Think of it as a score that tells you how far away a particular point is from the average (or mean) in terms of standard deviations. In simpler terms, it's a way to compare any data point with the "average."
- If a Z-score is 0, that means the data point is exactly at the average.
- A positive Z-score means it's above the average.
- A negative Z-score indicates it's below the average.
Probability
Probability is the measure of how likely an event is to occur. It's a number between 0 and 1, where 0 implies impossibility, and 1 indicates certainty. In the context of a normal distribution, probability helps us understand how likely it is for a random variable to fall within a particular range.
- The probability of something is often expressed as a percentage or a decimal. For example, a probability of 0.3 can also be seen as a 30% chance.
- In the exercise, probabilities were given to find corresponding Z-scores using Z-tables: "What is the chance that Z is greater than a certain value?".
Standard Normal Distribution
The standard normal distribution is a special type of normal distribution that has a mean of 0 and a standard deviation of 1. In this symmetrical bell curve, most data points are close to the mean.
- The total area under the standard normal distribution curve equals 1. This area is linked to probability.
- The Z-score tells us how many standard deviations a given point is from the mean of the distribution, as it aligns with the standard normal distribution.
Complementary Probability
Complementary probability is a concept that refers to the probability of the "other" outcome of a mutually exclusive event. Simply put, if we know the probability of one event occurring, we can find the probability of it not occurring by subtracting from 1.
- For example, if there is a 20% chance of rain, then there is an 80% chance it won't rain, since probabilities in this context must sum up to 1.
- In the exercise, complementary probability was used to find the probability of Z being less than a certain value by subtracting the given probability from 1.