Graduate (S) Business Administration 502

INFORMATION AND ANALYSIS

Spring 2017
 
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Answers, Ch. 6

6.7

m = 9.152, σ = 3.00

a. P ( X > 10.00) = P [ (X - m) / σ > (10.00 - 9.152) / 3.00]

= P (Z > 0.28) = 1 - P (Z < 0.28) = 1 - 0.6103 = 0.3897

b. P (3.00 < X < 5.00) = P [(3.00 - 9.152) / 3.00 < (X - m) / σ < (5.00 - 9.152) / 3.00]

= P (-2.05 < Z < -1.38) = P (Z < -1.38) - P (Z < -2.05)

= 0.0838 - 0.0202 = 0.0636

c. P (X < 5.00) = P [(X - m) / σ < (5.00 - 9.152) / 3.00]

= P (Z < -1.38) = 0.0838

d.  P (X < X0) = 0.99 => P (Z < Z0) = 0.99 => Z0 = 2.33

X0 = m + Z0 σ = 9.152 + (2.33)(3.00) = 16.14