Answer:
Part a : All the 3 z scores calculated in the question are accurate. Also as the values lie between -2 and 2 thus these z scores are not considered unusual.
Part b: The value 30500 is at 2.5% percentile, the value 37250 is at 84% percentile and the value 35000 is at 50% percentile.
Step-by-step explanation:
Part a:
All the 3 z scores calculated in the question are accurate. Also as the values lie between -2 and 2 thus these z scores are not considered unusual.
Part b:
For 30500
As the μ=35000 and σ=2250. Now calculating the value of 30500 in terms of μ and σ, so
The value is given by μ-2σ.
The empirical rule indicates that 95% of all data values are within 2 standard
deviations of the mean and thus 100% — 95% = 5% of all data values are either more than or less than 2 standard deviations from the mean.
Since the normal distribution (bell-shaped distribution) is symmetric, 5%/2 =
2.5% of all data values are then more than two standard deviations below
the mean (while the other 2.5% of all data values are more than two standard
deviations above the mean).
This indicates that the value 30500 is at 2.5% percentile.
For 37250
As the μ=35000 and σ=2250. Now calculating the value of 37250 in terms of μ and σ, so
The value is given by μ+σ.
The empirical rule indicates that 68% of all data values are within 1 standard
deviations of the mean and thus 100% — 68% = 32% of all data values are either more than or less than 2 standard deviations from the mean.
Since the normal distribution (bell-shaped distribution) is symmetric, 32%/2 =16% of all data values are then more than two standard deviations below
the mean (while the other 16% of all data values are more than two standard
deviations above the mean).
In total, 16% + 68% = 84% of all data values is then below one standard
deviation below the mean, which corresponds with the 84th percentile.
This indicates that the value 37250 is at 84% percentile.
For 35000
As the μ=35000 and σ=2250. Now calculating the value of 35000 in terms of μ and σ, so
The value is given by μ.
The empirical rule indicates that 50% of all data values are less than the mean in a symmetric distribution and as the distribution is symmetric, thus This indicates that the value 35000 is at 50% percentile.