Final answer:
To find the 80th percentile of the distribution of the average, we apply the Normal approximation to the distribution of the average of the 80 parts. The standard deviation of the sample average is calculated using the standard deviation of the original distribution and the square root of the sample size. The value of c is found by subtracting and adding the standard deviation of the sample average to the value of x that corresponds to the 80th percentile.
Step-by-step explanation:
To find the 80th percentile of the distribution of the average, we need to apply the Normal approximation to the distribution of the average of the 80 parts. Since the distribution of the length of time the part can work is Exponential, the mean (E(X)) of the sample average is equal to the mean of the original distribution, which is 26 days. To find the value of c, we need to calculate the standard deviation of the sample average. The standard deviation of the sample average (standard error) is equal to the standard deviation of the original distribution divided by the square root of the sample size. Since the distribution is Exponential and the variance (σ²) of an Exponential distribution is equal to the square of the mean (μ), the standard deviation (σ) of the original distribution is also 26 days. Therefore, the standard deviation of the sample average is 26 / √80 = 2.9067 days.
To find the 80th percentile of the distribution of the average, we can use the z-score formula: z = (x - μ) / σ, where z is the z-score, x is the value of interest, μ is the mean, and σ is the standard deviation. Since we want to find the value of x that corresponds to the 80th percentile, we need to find the z-score that corresponds to the 80th percentile. We can use a standard normal distribution table or a calculator to find this z-score. Once we have the z-score, we can use it to find the corresponding value of x using the formula x = z * σ + μ. Finally, we can find the 80th percentile of the distribution of the average by subtracting and adding the value of c (2.9067) from the value of x.