Posted by bobby on Wednesday, March 18, 2009 at 10:19am.
So, you are assuming a true population with a normal distribution of 0.4; 0.023)
A)
Convert 0.45 to a Z score: (0.45 - 0.40) / 0.023 = +2.17
Look up on a z-table chart. Greater than +2.17 yields .0150 = 1.5%
B)
<= 0.35 has the exact opposite Z score: (0.35 - 0.40) / 0.023 = -2.17
Less than -2.17 yields .0150 = 1.5% (same answer as A)
Forgot C. That's probably obvious after you have A + B:
C)
100% - 1.5% - 1.5% = 97%
23
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