In order for you to become a member of Mensa, a worldwide organization with approximately 100,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In order for you to become a member of Mensa, a worldwide organization with approximately 100,000 members, your IQ must be in the top 2%. The word mensa is Latin for "table," and was chosen to denote a group or round table of people with equal ability. In 1996, Mensa, which was founded by two British barristers, celebrated its 50 birthday. American Mensa Ltd., which was founded in 1960 has almost 50,000 members. Marilyn vos Savant, who is reputed to have the highest registered IQ, is a member. Assuming that IQ scores have an approximately normal distribution with a mean and standard deviation of 100 and 15, respectively, answer the following questions. a. (3 marks) What IQ must one have in order to become a member of Mensa? b. (2 marks) What percent of all Americans have an IQ of at least 145? (2 marks) What percent of all members of Mensa have an IQ of at least 145? d. (3 marks) If Mensa decided to become more exclusive, and accepted only the top 1% instead of the top 2% as members, what IQ would one need in order to become a member c. of Mensa? In order for you to become a member of Mensa, a worldwide organization with approximately 100,000 members, your IQ must be in the top 2%. The word mensa is Latin for "table," and was chosen to denote a group or round table of people with equal ability. In 1996, Mensa, which was founded by two British barristers, celebrated its 50 birthday. American Mensa Ltd., which was founded in 1960 has almost 50,000 members. Marilyn vos Savant, who is reputed to have the highest registered IQ, is a member. Assuming that IQ scores have an approximately normal distribution with a mean and standard deviation of 100 and 15, respectively, answer the following questions. a. (3 marks) What IQ must one have in order to become a member of Mensa? b. (2 marks) What percent of all Americans have an IQ of at least 145? (2 marks) What percent of all members of Mensa have an IQ of at least 145? d. (3 marks) If Mensa decided to become more exclusive, and accepted only the top 1% instead of the top 2% as members, what IQ would one need in order to become a member c. of Mensa?
Expert Answer:
Answer rating: 100% (QA)
1SOLUTION For normal distribution z score X 7 x here mean 100 std deviation 1... View the full answer
Related Book For
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner
Posted Date:
Students also viewed these accounting questions
-
In a few years, you may become a member of the AICPA and be subject to its Code of Professional Conduct (CPC). Required Identify and briefly discuss the first five principles of the CPC. Provide...
-
The cost to become a member of a fitness center is as follows: the membership fee per month is $50.00 the personal training session fee is $30.00 the senior citizens ( > 60) discount is 30% if the...
-
How does someone become a member of La Cosa Nostra?
-
Data visualization can help Broadway theatre analysts to understand ticket pricesExample: Recall the Service Company Insight box How Much Did You Pay for That Seat? presented in the chapter. As...
-
For the test scores first presented in problem 2.6 and reproduced here, compute a median and mean for the pretest and posttest and then interpret these statistics. 2329872172 551 2 87150030551418...
-
At the end of 2017, Apple had cash and short-term investments of \($41.62\) billion, accounts receivable of \($36.19\) billion, current assets of \($89.66\) billion, and current liabilities of...
-
Does Fairmont have any personnel whose last name is similar?
-
Jamie Wong is considering building an investment portfolio containing two stocks, L and M. Stock L will represent 40% of the dollar value of the portfolio, and stock M will account for the other 60%....
-
5. WORK HEALTH & SAFETY Provide at least three types of hazards, corresponding risks, rating and control measures. Risk Rating (Low/Medium/High) Control measures (Current/Required)
-
Read and answer the question below. EMBRACE DEMOGRAPHICS AND SOCIETAL CHANGES Using Differences to Drive Value Force 7: Demographics and Societal Changes. One of the most important forces that is...
-
Journalize the following: Day 2 You bought a car for business use. of $ 18,000, with check # 101 you paid the early $ 3,000 and signed a Note Payable of $ 12,000, which expires in one year and will...
-
You have been invited to take part in a debate with the proposal that 'Globalization is Bad for the Environment'. What would your three main points be if you were to argue for the proposal? Which...
-
How might private self-protection and self-insurance affect the demand for governmental reduction in risks to life and limb?
-
How does expected utility differ from expected values? Why does this difference matter for policy?
-
When should a natural forest never be cleared?
-
What did the early, Classical economists such as Ricardo and Mill have to say about the links between economic growth and natural resources? Why did economics become known as the 'dismal science?
-
Denis is president and 60% shareholder of Web Inc., a Website development company. The company owes much of its success to the expertise and contacts of Samuel, the computer engineer. Denis s wife...
-
Define deferred revenue. Why is it a liability?
-
What does the term highest and best use concept mean? When is this concept applicable?
-
Describe items of information that the forensic accountant might need, that are in the possession of the confessor, and for which a signed release of information might be appropriate.
-
In what order should individuals be interviewed?
-
The most appropriate response to Nkomos Question 1 would be that the present value of future residual earnings is expected to be: A. zero. B. positive. C. negative. Mangoba Nkomo, CFA, a senior...
-
The most appropriate response to Nkomos Question 2 would be that the firms return on equity (ROE ) is: A. equal to the firms cost of equity. B. lower than the firms cost of equity. C. higher than the...
-
Based upon the information in Exhibit 2, the intrinsic value per share of the equity of Jackson Breweries is closest to: A. R97.67. B. R130.22. C. R186.03. Mangoba Nkomo, CFA, a senior equity analyst...
Study smarter with the SolutionInn App