a)
Distribution of X ~ N(43000, 12046)
b)
µ = 43000, σ = 12046
P(X < 29536) =
= P( (X-µ)/σ < (29536-43000)/12046 )
= P(z < -1.1177)
Using excel function:
= NORM.S.DIST(-1.1177, 1)
= 0.1318
c)
P(29180 < X < 42014) =
= P( (29180-43000)/12046 < (X-µ)/σ < (42014-43000)/12046 )
= P(-1.1473 < z < -0.0819)
= P(z < -0.0819) - P(z < -1.1473)
Using excel function:
= NORM.S.DIST(-0.0819, 1) - NORM.S.DIST(-1.1473, 1)
= 0.3417
d)
P(x < a) = 0.25
Z score at p = 0.25 using excel = NORM.S.INV(0.25) = -0.6745
Value of X = µ + z*σ = 43000 + (-0.6745)*12046 = 34875
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