please show detailed answers... step by step and the slope. If using the compute
ID: 3230048 • Letter: P
Question
please show detailed answers... step by step and the slope.
If using the computer please show how and draw the slope.
Explanation / Answer
Part-a
Sample mean follows normal distribution with mean =2.0 and standard deviation=0.05/sqrt(25)=0.01
Using excel function =NORMDIST(2,2,0.01,TRUE)-NORMDIST(1.99,2,0.01,TRUE) , we get
P(1.99<xbar<2.0)=0.3413
Part-b
Using excel function =NORMDIST(1.98,2,0.01,TRUE) , we have
P(xbar<1.98)= 0.0228
Part-c
Using excel function =1-NORMDIST(2.01,2,0.01,TRUE) , we have
P(xbar>2.01)= 0.1587
Part-d
We have to find x1 and x2 such that P(x1<xbar<x2)=0.90
By symmetry P(xbar<x1)=0.05 and P(xbar<x2)=0.95
Using excel function =norminv(0.05,2.0,0.01) we get x1=1.98
Using excel function =norminv(0.95,2.0,0.01) we get x2=2.02
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