What pages will be favored for the given search? Search terms: Michael OR Jordan A. Pages about Michael Jordan B. Pages about Mi
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Answer:
The 90th percentile for the distribution of the total contributions is $6,342,525.
Step-by-step explanation:
To solve this question, we need to understand the normal probability distribution and the central limit theorem.
Normal probability distribution
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
Central Limit Theorem
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For sums of size n, the mean is and the standard deviation is
In this question:
The 90th percentile for the distribution of the total contributions
This is X when Z has a pvalue of 0.9. So it is X when Z = 1.28. Then
By the Central Limit Theorem
The 90th percentile for the distribution of the total contributions is $6,342,525.
First thing to do is to illustrate the problem, Since it was mentioned that work was along the way to training, the order is shown in the picture. Mary's home and workplace are nearer compared to her training center. It is also mentioned that the distance between work and home, denoted as x, is 2/3 of the total distance from home to training. The total distance is (x + 2.5). Thus,
x = 2/3(x+2.5)
x = 2/3 x + 5/3
1/3 x = 5/3
x = 5 km
Thus, the distance from home to work is 5 km. This means that Mary has to walk this distance twice to return home to get her shoes. Then, she will travel again the total distance of 5+2.5 = 7.5 km to get to her training center. So,
Total distance = 2(5km) + 7.5 km
Total distance = 17.5 km
x = 2/3(x+2.5)
x = 2/3 x + 5/3
1/3 x = 5/3
x = 5 km
Thus, the distance from home to work is 5 km. This means that Mary has to walk this distance twice to return home to get her shoes. Then, she will travel again the total distance of 5+2.5 = 7.5 km to get to her training center. So,
Total distance = 2(5km) + 7.5 km
Total distance = 17.5 km