Question

On a test at Microsoft, which has a mean of 500 and a standard deviation of...

On a test at Microsoft, which has a mean of 500 and a standard deviation of 100, only the top 2% of the test takers will get an interview with Bill Gates. What score or better will they have to earn on this test to get the interview?

Please show the work. I can use excel so if you could explain how to do it in there, that would be even better! :)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Assume Normal distribution, top 2% corresponds to 100 - 2 = 98th percentile.

Z value for 98th percentile is 2.0537

Score  to get the interview Mean + Z * Std deviation

= 500 + 2.0537 * 100

= 705.37

Using Excel, use the formula, to get the answer,

= 500 + NORMSINV(0.98) * 100

Here, NORMSINV(0.98) calculates Z value for 98th percentile

Add a comment
Know the answer?
Add Answer to:
On a test at Microsoft, which has a mean of 500 and a standard deviation of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT