Week 3 part 1: Normal distribution

Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. The probability that Z is less
than -2.20 is ________.

1)   

_____________

Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. The probability that Z is
between -2.89 and -1.03 is ________.

2)   

_____________

Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. The probability that Z values
are larger than ________ is 0.6985.

3)   

_____________

Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1. So 96% of the possible Z
values are between ________ and ________ (symmetrically distributed about the mean).

4)   

_____________

The owner of a fish market determined that the mean weight for a catfish is 3.2 pounds. He also knew that the probability
of a randomly selected catfish that would weigh more than 3.8 pounds is 20% and the probability that a randomly
selected catfish that would weigh less than 2.8 pounds is 30%. The middle 40% of the catfish will weigh between ______
pounds and ______ pounds.

5)   

_____________

A company that sells annuities must base the annual payout on the probability distribution of the length of life of the
participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal
distribution with a mean of 68 years and a standard deviation of 3.5 years. What proportion of the plan recipients would
receive payments beyond age 75?

6)   

_____________

A company that sells annuities must base the annual payout on the probability distribution of the length of life of the
participants in the plan. Suppose the probability distribution of the lifetimes of the participants is approximately a normal
distribution with a mean of 68 years and a standard deviation of 3.5 years. Find the age at which payments have ceased
for approximately 86% of the plan participants.

7)   

_____________

The amount of tea leaves in a can from a particular production line is normally distributed with μ = 110 grams and σ = 25
grams. What is the probability that a randomly selected can will contain at least 100 grams of tea leaves?

8)   

_____________

The amount of tea leaves in a can from a particular production line is normally distributed with μ = 110 grams and σ = 25
grams. What is the probability that a randomly selected can will contain less than 100 grams or more than 120 grams of
tea leaves?

9)   

_____________

You were told that the amount of time lapsed between consecutive trades on a foreign stock exchange market followed a
normal distribution with a mean of 15 seconds.    You were also told that the probability that the time lapsed between two
consecutive trades to fall between 16 to 17 seconds was 13%.    The probability that the time lapsed between two
consecutive trades would fall below 13 seconds was 7%.    What is the probability that the time lapsed between two
consecutive trades will be longer than 17 seconds?

10)   

_____________

You were told that the mean score on a statistics exam is 75 with the scores normally distributed. In addition, you know
the probability of a score between 55 and 60 is 4.41% and that the probability of a score greater than 90 is 6.68%. What is
the probability of a score lower than 55?

11)   

_____________

The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15
minutes and a standard deviation of 2 minutes. So, 70% of the products would be assembled within ________ minutes.

12)   

_____________

SCENARIO 6-2
John has two jobs. For daytime work at a jewelry store he is paid $15,000 per month, plus a commission. His monthly
commission is normally distributed with mean $10,000 and standard deviation $2,000. At night he works as a waiter, for
which his monthly income is normally distributed with mean $1,000 and standard deviation $300. John's income levels
from these two sources are independent of each other.

Referring to Scenario 6-2, for a given month, what is the probability that John's commission from the jewelry store is
between $5,000 and $7,000?

13)   

_____________

Referring to Scenario 6-2, for a given month, what is the probability that John''s total income from the Jewelry store is
greater than $31,000?   

14)   

_____________

SCENARIO 6-5

A company producing orange juice buys all its oranges from a large orange orchard. The amount of juice that can be
squeezed from each of these oranges is approximately normally distributed with a mean of 4.7 ounces and some
unknown standard deviation. The company's production manager knows that the probability is 30.85% that a randomly
selected orange will contain less than 4.5 ounces of juice. Also the probability is 10.56% that a randomly selected orange
will contain more than 5.2 ounces of juice. Answer the following questions without the help of a statistical software or
statistical table.

Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain between 4.5 and 5.2 ounces
of juices?

15)   

_____________

Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain between 4.2 and 4.9 ounces
of juices?

16)   

_____________

Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain at least 4.9 ounces of juices?

17)   

_____________
Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain no more than 4.9 ounces of
juices?

18)   

_____________

Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain no more than 4.2 ounces of
juices?

19)   

_____________

Referring to Scenario 6-5, what is the probability that a randomly selected orange will contain more than 4.2 ounces of
juices?

20)   

_____________

1)

0.0139
2)
0.1496
3)
-0.52
4)
-2.05 and 2.05 or -2.06 and 2.06
5)
2.8 and 3.6
6)
0.0228
7)
71.78 years old
8)
0.6554
9)
0.6892
10)
7% or 0.07
11)
2.27% or 0.0227
12)
16.0488 using Excel or 16.04 using Table E.2
13)
0.0606
14)
0.0013
 15)
0.5859 or 58.59%
16)
0.5859 or 58.59%
17)
0.3085 or 30.85%
18)
0.6915 or 69.15%
19)
0.1056 or 10.56%
20)
0.8944 or 89.44%