Calculate the following quantities using Excel. (If you have Excel 2010 or later, we suggest using its

Question:

Calculate the following quantities using Excel. (If you have Excel 2010 or later, we suggest using its new functions.)

a. P(−2.00 ≤ t10 ≤ 1.00), where t10 has a t ­distribution with 10 degrees of freedom.

b. P(−2.00 ≤ t100 ≤ 1.00), where t100 has a t­ distribution with 100 degrees of freedom. How do you explain the difference between this result and the one obtained in part a?

c. P(−2.00 ≤ Z ≤ 1.00), where Z is a standard ­normal random variable. Compare this result to the results obtained in parts a and

b. How do you explain the differences in these probabilities?

d. Find the 68th percentile of the t distribution with 20 degrees of freedom.

e. Find the 68th percentile of the t distribution with 3 degrees of freedom. How do you explain the difference between this result and the result obtained in part d?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics Data Analysis and Decision Making

ISBN: 978-1305947542

6th edition

Authors: S. Christian Albright, Wayne L. Winston

Question Posted: