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Find the following probabilities for the standard normal distribution. a. \(P(z<-1.31)\) b. \(P(1.23 \leq z \leq 2.89)\) c. \(P(-2.24 \leq z \leq-1.19)\) d. \(P(z<2.02)\)

Short Answer

Expert verified
a) \(P(z<-1.31) = 0.0951\), b) \(P(1.23 ≤ z ≤ 2.89) = 0.1074\), c) \(P(-2.24 ≤ z ≤ -1.19)= 0.1045\), and d) \(P(z<2.02)= 0.9783\).

Step by step solution

01

Find P(z < -1.31)

Looking at the z-table, the area to the left of \(z = -1.31\) is found to be 0.0951. Therefore, \(P(z<-1.31) = 0.0951.\)
02

Find P(1.23 ≤ z ≤ 2.89)

To find this probability, first find the area to the left of \(z = 2.89\) in the Z-table, which is approximately 0.9981. Now, subtract the area left of \(z = 1.23\), which from the table can be found to be approximately 0.8907. The difference gives \(P(1.23 ≤ z ≤ 2.89) = 0.9981 - 0.8907 = 0.1074.\)
03

Find P(-2.24 ≤ z ≤ -1.19)

Similarly, find the area to the left of \(z = -1.19\) from the Z-table, which is 0.1170, and subtract the area left of \(z=-2.24\), which is 0.0125. This gives the probability \(P(-2.24 ≤ z ≤ -1.19) = 0.1170 - 0.0125 = 0.1045.\)
04

Find P(z < 2.02)

Finally, from the z-table, the area to the left of \(z = 2.02\) is found to be 0.9783. So, \(P(z < 2.02) = 0.9783.\)

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Key Concepts

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

Understanding Probability
Probability is a fundamental concept in statistics and everyday life. In the context of the standard normal distribution, probability represents the likelihood of a specific outcome within a continuous range of values.
  • For a standard normal distribution, probabilities are associated with z-scores, which reflect how many standard deviations a value is from the mean, usually zero.
  • Probabilities range from 0 to 1, where 0 means an impossible event and 1 signifies a certain event.
In simpler terms, the probability can tell us the chance of a continuous variable falling within a certain range. For example, in our exercises, when we calculate the probability like \( P(z < -1.31) \), we are determining how likely it is that a randomly selected value from the standard normal distribution is less than -1.31.
Navigating the Z-table
The z-table is a crucial tool for finding probabilities associated with the standard normal distribution. It helps us determine the area under the curve to the left of a given z-score.
  • A z-table usually shows the cumulative probability from the left tail of the distribution, up to a given z-score.
  • To find a probability between two z-scores, you can subtract the smaller z-score's cumulative probability from the larger one.
For instance, when you look up \( z = 1.23 \) and \( z = 2.89 \) in the table, you are finding the cumulative probabilities up to those points. Subtracting these gives you the probability of falling between \( z = 1.23 \) and \( z = 2.89 \), as seen in our exercise example.
Continuous Distribution Demystified
A continuous distribution like the standard normal distribution is one where data can take an infinite number of values within a certain range. Unlike discrete distributions, continuous distributions do not involve individual countable outcomes.
  • In a continuous distribution, probabilities represent areas under a curve, rather than distinct positions.
  • The total area under the curve of a standard normal distribution is 1, representing the sum of all possibilities.
This means that when we talk about the probability of \( z < 2.02 \), we are referring to the area under the curve from the far left up to a z-score of 2.02.
Decoding Z-scores
Z-scores are a way of standardizing data points within a normal distribution, allowing us to understand how far and in what direction a data point deviates from the mean.
  • A z-score of 0 indicates the value is exactly at the mean.
  • Positive z-scores show values above the mean, while negative z-scores indicate values below it.
  • The further a z-score is from zero, the more unusual or rare the data point is considered.
To use z-scores effectively, one needs to understand that they convert raw data into a standardized form, which can then be interpreted using the z-table to find probabilities, as demonstrated in our calculations for various ranges of z.

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Most popular questions from this chapter

According to an article on Yahoo.com on February 19,2012, the average salary of actuaries in the U.S. is \(\$ 98,620\) a year (http://education.yahoo.net/articles/careers_for_shy_people_2.htm?kid=1KWO3). Suppose that currently the distribution of annual salaries of all actuaries in the U.S. is approximately normal with a mean of \(\$ 98,620\) and a standard deviation of \(\$ 18,000\). How much would an actuary have to be paid in order to be in the highest-paid \(10 \%\) of all actuaries?

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