For a normal random variable with mean 16.5 and standard deviation 0.8, find a point of the distribution such that there is a 0.85 probability that the value of the random variable will be above it.
Answer to relevant QuestionsFor a normal random variable with mean 19,500 and standard deviation 400, find a point of the distribution such that the probability that the random variable will exceed this value is 0.02. Let X be a normally distributed random variable with mean 600 and variance 10,000. Find two values x1 and x2 such that P(X > x1) = 0.01 and P(X < x2) = 0.05. The daily price in dollars per metric ton of cocoa in 2007 was normally distributed with µ = $2,014 per metric ton and σ = $2.00. Find a price such that the probability that the actual price will be above it is 0.80. The time, in hours, that a copying machine may work without breaking down is a normally distributed random variable with mean 549 and standard deviation 68. Find the probability that the machine will work for at least 500 ...A loans manager at a large bank believes that the percentage of her customers who default on their loans during each quarter is an approximately normally distributed random variable with mean 12.1% and standard deviation ...
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