1) The household income in a certain community is normally distributed with a mean of $42,000 and a standard deviation of $5,000. The proportion of households with incomes of at least $50000 is between: a) 5% and 6% b) 44% and 45% c) 94% and 95% d) none
2) The actual weight of "8 oz. chocolate bar" produced by a certain machine are normally distributed with mean 8.1 oz. and standard deviation of 0.1 oz. only 5% of the bars weigh less than approximately:
a) 8.2645oz
b) 7.9355 oz
c) 8.000 oz.
d) none
Solution :
Given that ,
mean = = 42000
standard deviation = = 5000
1)
P(x 50000) = 1 - P(x 50000)
= 1 - P[(x - ) / (50000-42000) / 5000]
= 1 - P(z 1.6)
Using z table,
= 1 - 0.9452
=0.0548
a.between 5% and 6%
2)
Solution :
Given that ,
mean = = 8.1
standard deviation = =0.1
Using standard normal table,
P(Z < z) = 5%
= P(Z < z) = 0.05
= P(Z < -1.645) = 0.05
z = -1.645
Using z-score formula
x= z * +
x= -1.645*0.1+8.1
x= 7.9355 oz
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