The average age of the company’s presidents is 60 years old. Assume the variable is normally distributed. If the standard deviation is five years, find the probability that the age of a randomly selected president will be in the following range. Between 52 and 67 Between 57 and 70 Between 40 and 60
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
- The average age of the company’s presidents is 60 years old. Assume the variable is normally distributed. If the standard deviation is five years, find the probability that the age of a randomly selected president will be in the following range.
- Between 52 and 67
- Between 57 and 70
- Between 40 and 60
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