Full-time Ph.D. students receive an average of $12,837 per year. If the average salaries are normally distributed with a standard deviation of $1500, find these probabilities. a. The student makes more than $15,000. b. The student makes between $13,000 and $14,000.

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Answer:

a) 0.0749 = 7.49% probability that the student makes more than $15,000.

b) 0.227 = 22.7% probability that the student makes between $13,000 and $14,000.

Step-by-step explanation:

Normal Probability Distribution

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Full-time Ph.D. students receive an average of $12,837 per year.

This means that [tex]\mu = 12837[/tex]

Standard deviation of $1500

This means that [tex]\sigma = 1500[/tex]

a. The student makes more than $15,000.

This is 1 subtracted by the p-value of Z when X = 15000.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{15000 - 12837}{1500}[/tex]

[tex]Z = 1.44[/tex]

[tex]Z = 1.44[/tex] has a p-value of 0.9251.

1 - 0.9251 = 0.0749

0.0749 = 7.49% probability that the student makes more than $15,000.

b. The student makes between $13,000 and $14,000.

This is the p-value of Z when X = 14000 subtracted by the p-value of Z when X = 13000.

X = 14000

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{14000 - 12837}{1500}[/tex]

[tex]Z = 0.775[/tex]

[tex]Z = 0.775[/tex] has a p-value of 0.7708.

X = 13000

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{13000 - 12837}{1500}[/tex]

[tex]Z = 0.11[/tex]

[tex]Z = 0.11[/tex] has a p-value of 0.5438.

0.7708 - 0.5438 = 0.227

0.227 = 22.7% probability that the student makes between $13,000 and $14,000.

7.49% of the student makes more than $15,000, while 23.85% of the student makes between $13,000 and $14,000

What is z score?

Z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:

z = (raw score - mean) / standard deviation

Given that:

Mean = $12837, standard deviation = $1500

a) For >15000:

z = (15000 - 12837)/1500 = 1.44

P(z > 1.44) = 1 - P(z < 1.44) = 1 - 0.9251 = 0.0749

b) For >13000:

z = (13000 - 12837)/1500 = 0.11

For <14000:

z = (14000 - 12837)/1500 = 0.78

P(0.11 < z < 0.78) = P(z < 0.78) - P(z < 0.11) = 0.7823 - 0.5438 = 0.2385

7.49% of the student makes more than $15,000, while 23.85% of the student makes between $13,000 and $14,000

Find out more on z score at: https://brainly.com/question/25638875