Chapter 6: Problem 53
Use the following information to answer the next four exercises: X ~ N(54, 8) Find the \(60^{\text { th }}\) percentile.
Short Answer
Expert verified
The 60th percentile is approximately 56.024.
Step by step solution
01
Understand the Parameters
The exercise provides a normal distribution, with mean \( \mu = 54 \) and standard deviation \( \sigma = 8 \). We need to find the \( 60^{\text{th}} \) percentile of this distribution.
02
Use Z-Score Formula
The formula for the Z-score in a normal distribution is \( Z = \frac{X - \mu}{\sigma} \). To find the \( 60^{\text{th}} \) percentile, we need to know the Z-value corresponding to the \( 0.60 \) percentile.
03
Lookup Z-Score for 60th Percentile
In a standard normal distribution table, a \( 60^{\text{th}} \) percentile corresponds to a Z-score of approximately \( 0.253 \).
04
Calculate the Percentile Value
Using the Z-score formula, solve for \( X \): \[ X = Z \cdot \sigma + \mu \]. Substitute \( Z = 0.253 \), \( \sigma = 8 \), and \( \mu = 54 \) into the equation: \[ X = 0.253 \cdot 8 + 54 = 2.024 + 54 = 56.024 \].
05
Conclusion
The \( 60^{\text{th}} \) percentile of this distribution is approximately \( 56.024 \).
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Percentile Calculation
Understanding percentiles is crucial in statistics. A percentile tells you the value below which a given percentage of observations fall in a data distribution.
The process of calculating a percentile in a normal distribution involves finding the value of the data point where the cumulative distribution function (CDF) equals the desired percentile.
Here's a simplified approach:
The process of calculating a percentile in a normal distribution involves finding the value of the data point where the cumulative distribution function (CDF) equals the desired percentile.
Here's a simplified approach:
- Identify the desired percentile. In our case, it's the 60th percentile.
- Convert the percentile to a decimal. For the 60th percentile, this would be 0.60.
- Use a Z-table or calculator to find the Z-score corresponding to this decimal.
Z-score
The Z-score, also known as the standard score, measures how many standard deviations an element is from the mean.
Using the formula:
For example, suppose you want to find out which test score is better: a score of 85 in one test or 90 in another, where each test has different means and standard deviations. Z-scores make this comparison possible! It's just about seeing how far a data point lies from the average in units of standard deviations.
Using the formula:
- \[ Z = \frac{X - \mu}{\sigma} \]
For example, suppose you want to find out which test score is better: a score of 85 in one test or 90 in another, where each test has different means and standard deviations. Z-scores make this comparison possible! It's just about seeing how far a data point lies from the average in units of standard deviations.
Standard Deviation
Standard deviation is a fundamental concept in statistics that quantifies the amount of variation or dispersion in a dataset.
It tells us how much individual data points deviate from the mean value, serving as a measure of volatility.
The formula for standard deviation is:
It tells us how much individual data points deviate from the mean value, serving as a measure of volatility.
The formula for standard deviation is:
- \[ \sigma = \sqrt{ \frac{1}{N}\sum_{i=1}^{N} (X_i - \mu)^2 } \]
- \( \sigma \) is the standard deviation
- \( N \) is the number of observations
- \( X_i \) are the individual data points
- \( \mu \) is the mean
Mean Value
The mean value, commonly referred to as the "average," is central to many statistical analyses.
It provides a single value that summarizes a dataset by dividing the sum of all values by the number of observations.
Mathematically, it's expressed as:
It provides a basis for calculating both the standard deviation and Z-scores, making it an essential concept in understanding and working with data.
It provides a single value that summarizes a dataset by dividing the sum of all values by the number of observations.
Mathematically, it's expressed as:
- \[ \mu = \frac{1}{N}\sum_{i=1}^{N} X_i \]
- \( \mu \) is the mean
- \( N \) is the number of observations
- \( X_i \) are the individual data points
It provides a basis for calculating both the standard deviation and Z-scores, making it an essential concept in understanding and working with data.