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mylen [45]
1 year ago
10

In a standard normal distribution, what z value corresponds to 17% of the data between the mean and the z value?

Mathematics
1 answer:
hjlf1 year ago
4 0
You're looking for a value z such that

\mathbb P(0

Because the distribution is symmetric, the value of z in either case will be the same.

Now, because the distribution is continuous, you have that

0.17=\mathbb P(0

The mean for the standard normal distribution is 0, and because the distribution is symmetric about its mean, it follows that \mathbb P(Z.

0.17=\mathbb P(Z

You can consult a z score table to find the corresponding score for this probability. It turns out to be z\approx0.4399.
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The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. T
Anit [1.1K]

Answer:

a) 25

b) 67

c) 97

Step-by-step explanation:

We have that to find our \alpha level, that is the subtraction of 1 by the confidence interval divided by 2. So:

\alpha = \frac{1-0.95}{2} = 0.025

Now, we have to find z in the Ztable as such z has a pvalue of 1-\alpha.

So it is z with a pvalue of 1-0.025 = 0.975, so z = 1.96

Now, find the margin of error M as such

M = z*\frac{\sigma}{\sqrt{n}}

In which \sigma is the standard deviation of the population and n is the size of the sample. In this problem, \sigma = 0.25

(a) The desired margin of error is $0.10.

This is n when M = 0.1. So

M = z*\frac{\sigma}{\sqrt{n}}

0.1 = 1.96*\frac{0.25}{\sqrt{n}}

0.1\sqrt{n} = 1.96*0.25

\sqrt{n} = \frac{19.6*0.25}{0.1}

(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.1})^{2}

n = 24.01

Rounding up to the nearest whole number, 25.

(b) The desired margin of error is $0.06.

This is n when M = 0.06. So

M = z*\frac{\sigma}{\sqrt{n}}

0.06 = 1.96*\frac{0.25}{\sqrt{n}}

0.06\sqrt{n} = 1.96*0.25

\sqrt{n} = \frac{19.6*0.25}{0.06}

(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.06})^{2}

n = 66.7

Rounding up, 67

(c) The desired margin of error is $0.05.

This is n when M = 0.05. So

M = z*\frac{\sigma}{\sqrt{n}}

0.05 = 1.96*\frac{0.25}{\sqrt{n}}

0.05\sqrt{n} = 1.96*0.25

\sqrt{n} = \frac{19.6*0.25}{0.05}

(\sqrt{n})^{2} = (\frac{19.6*0.25}{0.05})^{2}

n = 96.04

Rounding up, 97

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