Determine the value z that satisfies the conditions below Ro
Determine the value z* that satisfies the conditions below. (Round all answers to two decimal places.) Can you please show all the steps
(a) Separates the largest 3.3% of all z values from the others
z* =
(b) Separates the largest 1% of all z values from the others
z* =
(c) Separates the smallest 5.6% of all z values from the others
z* =
(d) Separates the smallest 16.6% of all z values from the others
z* =
You may need to use the appropriate table in Appendix A to answer this question.
Solution
(a) Separates the largest 3.3% of all z values from the others
The percentage of all z values below z* woule be 100%-3.3%=96.7%
Now look into standard normal table for area closest to 0.9670, which is 0.9671 (because standard normal table uses area left to z score) and corresponding z score is 1.84. Therefore:
z* = 1.84
----------------------------------------------------------------------------------------------------------
(b) Separates the largest 1% of all z values from the others
The percentage of all z values below z* woule be 100%-1%=99%
Now look into standard normal table for area closest to 0.9900, which is 0.9901 (because standard normal table uses area left to z score) and corresponding z score is 2.33. Therefore:
z* = 2.33
----------------------------------------------------------------------------------------------------------
(c) Separates the smallest 5.6% of all z values from the others
Look into standard normal table for area closest to 0.0560, which is 0.0559 (because standard normal table uses area left to z score) and corresponding z score is -1.59. Therefore:
z* = -1.59
----------------------------------------------------------------------------------------------------------
(d) Separates the smallest 16.6% of all z values from the others
Look into standard normal table for area closest to 0.1660, which is 0.1660 (because standard normal table uses area left to z score) and corresponding z score is -0.97. Therefore:
z* = -0.97
