Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card
Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card
6th Edition
ISBN: 9781337589345
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Textbook Question
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Chapter 6.2, Problem 15E

Given that z is a standard normal random variable, find z for each situation.

  1. a. The area to the left of z is .2119.
  2. b. The area between –z and z is .9030.
  3. c. The area between –z and z is .2052.
  4. d. The area to the left of z is .9948.
  5. e. The area to the right of z is .6915.

a.

Expert Solution
Check Mark
To determine

Find the value of z.

Answer to Problem 15E

The value of z is –0.80.

Explanation of Solution

Calculation:

The area to the left of z is given as 0.2119.

The area to the left of z, which is 0.2119 can be written as P(Zz)=0.2119.

z value:

Software Procedure:

Step-by-step procedure to obtain the z using the EXCEL:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =NORMSINV(0.2119) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card, Chapter 6.2, Problem 15E , additional homework tip  1

Hence, P(Z0.80)=0.2119.

Thus, the value of z is –0.80.

b.

Expert Solution
Check Mark
To determine

Obtain the value of z.

Answer to Problem 15E

The value of z is 1.66.

Explanation of Solution

Calculation:

The area between –z and z is given as 0.9030.

Thus, the area between –z and z, which is 0.9030 can be written as,

P(zZz)=0.9030P(Zz)P(Zz)=0.9030P(Zz)[1P(Zz)]=0.90302P(Zz)1=0.9030P(Zz)=1+0.90302P(Zz)=1.9032P(Zz)=0.9515

z value:

Software Procedure:

Step-by-step procedure to obtain the z using the EXCEL:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =NORMSINV(0.9515) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card, Chapter 6.2, Problem 15E , additional homework tip  2

Hence, P(Z1.66)=0.9515.

Thus, value of z is 1.66.

c.

Expert Solution
Check Mark
To determine

Compute the value of z.

Answer to Problem 15E

The value of z is 0.26.

Explanation of Solution

Calculation:

The area between –z and z is given as 0.2052.

Thus, the area between –z and z, which is 0.2052 can be written as,

P(zZz)=0.2052P(Zz)P(Zz)=0.2052P(Zz)[1P(Zz)]=0.20522P(Zz)1=0.2052P(Zz)=1+0.20522P(Zz)=1.20522P(Zz)=0.6026

z value:

Software Procedure:

Step-by-step procedure to obtain the z using the EXCEL:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =NORMSINV(0.6026) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card, Chapter 6.2, Problem 15E , additional homework tip  3

Hence, P(Z0.26)=0.6026.

Thus, value of z is 0.26.

d.

Expert Solution
Check Mark
To determine

Calculate the value of z.

Answer to Problem 15E

The value of z is 2.56.

Explanation of Solution

Calculation:

The area to the left of z is given as 0.9948.

The area to the left of z, which is 0.9948 can be written as P(Zz)=0.9948.

z value:

Software Procedure:

Step-by-step procedure to obtain the z using the EXCEL:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =NORMSINV(0.9948) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card, Chapter 6.2, Problem 15E , additional homework tip  4

Hence, P(Z2.56)=0.9948.

Thus, the value of z is 2.56.

e.

Expert Solution
Check Mark
To determine

Compute the value of z.

Answer to Problem 15E

The value of z is –0.50.

Explanation of Solution

Calculation:

The area to the right of z is given as 0.6915.

Thus, the area to the right of z, which is 0.6915, can be written as,

P(Zz)=0.69151P(Zz)=0.6915P(Zz)=10.6915P(Zz)=0.3085

z value:

Software Procedure:

Step-by-step procedure to obtain the z using the EXCEL:

  • Open an EXCEL sheet and select the cell A1.
  • Enter the formula =NORMSINV(0.3085) in the cell A1.
  • Press Enter.

Output using the EXCEL software is given below:

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card, Chapter 6.2, Problem 15E , additional homework tip  5

Hence, P(Z0.50)=0.3085.

Thus, value of z is –0.50.

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Chapter 6 Solutions

Bundle: Modern Business Statistics With Microsoft Office Excel, Loose-leaf Version, 6th + Cengagenow, 2 Terms Printed Access Card

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