Answer: Firstly in this question, we need to solve for
α
which is the part of the distribution of which we not looking for.
we can do this with the sum:
α
=
1
−
0.76
=
0.24
as
0.76
=
76
%
we also know that our Standard Normal Distribution is symmetric, so we must divide that
α
to be split on either side of our distribution. so we solve for:
α
2
=
0.24
2
=
0.12
then we find a correlating
z
-score for the value
0.12
and we get that
−
z
=
−
1.175
and
z
=
1.175
This becomes easier to understand when visualized, so observe how we do this sum.
Explanation: