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References

“Blood Pressure of Males and Females.” StatCruch, 2013. Available online at http://www.statcrunch.com/5.0/viewreport.php?reportid=11960 (accessed May 14, 2013).

“The Use of Epidemiological Tools in Conflict-affected populations: Open-access educational resources for policy-makers: Calculation of z-scores.” London School of Hygiene and Tropical Medicine, 2009. Available online at http://conflict.lshtm.ac.uk/page_125.htm (accessed May 14, 2013).

“2012 College-Bound Seniors Total Group Profile Report.” CollegeBoard, 2012. Available online at http://media.collegeboard.com/digitalServices/pdf/research/TotalGroup-2012.pdf (accessed May 14, 2013).

“Digest of Education Statistics: ACT score average and standard deviations by sex and race/ethnicity and percentage of ACT test takers, by selected composite score ranges and planned fields of study: Selected years, 1995 through 2009.” National Center for Education Statistics. Available online at http://nces.ed.gov/programs/digest/d09/tables/dt09_147.asp (accessed May 14, 2013).

Data from the San Jose Mercury News .

Data from The World Almanac and Book of Facts .

“List of stadiums by capacity.” Wikipedia. Available online at https://en.wikipedia.org/wiki/List_of_stadiums_by_capacity (accessed May 14, 2013).

Data from the National Basketball Association. Available online at www.nba.com (accessed May 14, 2013).

Chapter review

A z -score is a standardized value. Its distribution is the standard normal, Z ~ N (0, 1). The mean of the z -scores is zero and the standard deviation is one. If z is the z -score for a value x from the normal distribution N ( µ , σ ) then z tells you how many standard deviations x is above (greater than) or below (less than) µ .

Formula review

Z ~ N (0, 1)

z = a standardized value ( z -score)

mean = 0; standard deviation = 1

To find the K th percentile of X when the z -scores is known:
k = μ + ( z ) σ

z -score: z = x  –  μ σ

Z = the random variable for z -scores

Z ~ N (0, 1)

A bottle of water contains 12.05 fluid ounces with a standard deviation of 0.01 ounces. Define the random variable X in words. X = ____________.

ounces of water in a bottle

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A normal distribution has a mean of 61 and a standard deviation of 15. What is the median?

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X ~ N (1, 2)

σ = _______

2

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A company manufactures rubber balls. The mean diameter of a ball is 12 cm with a standard deviation of 0.2 cm. Define the random variable X in words. X = ______________.

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X ~ N (–4, 1)

What is the median?

–4

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X ~ N (3, 5)

σ = _______

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X ~ N (–2, 1)

μ = _______

–2

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What does a z -score measure?

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What does standardizing a normal distribution do to the mean?

The mean becomes zero.

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Is X ~ N (0, 1) a standardized normal distribution? Why or why not?

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What is the z -score of x = 12, if it is two standard deviations to the right of the mean?

z = 2

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What is the z -score of x = 9, if it is 1.5 standard deviations to the left of the mean?

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What is the z -score of x = –2, if it is 2.78 standard deviations to the right of the mean?

z = 2.78

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What is the z -score of x = 7, if it is 0.133 standard deviations to the left of the mean?

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Suppose X ~ N (2, 6). What value of x has a z -score of three?

x = 20

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Suppose X ~ N (8, 1). What value of x has a z -score of –2.25?

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Suppose X ~ N (9, 5). What value of x has a z -score of –0.5?

x = 6.5

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Suppose X ~ N (2, 3). What value of x has a z -score of –0.67?

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Suppose X ~ N (4, 2). What value of x is 1.5 standard deviations to the left of the mean?

x = 1

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Suppose X ~ N (4, 2). What value of x is two standard deviations to the right of the mean?

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Suppose X ~ N (8, 9). What value of x is 0.67 standard deviations to the left of the mean?

x = 1.97

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Suppose X ~ N (–1, 2). What is the z -score of x = 2?

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Suppose X ~ N (12, 6). What is the z -score of x = 2?

z = –1.67

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Suppose X ~ N (9, 3). What is the z -score of x = 9?

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Suppose a normal distribution has a mean of six and a standard deviation of 1.5. What is the z -score of x = 5.5?

z ≈ –0.33

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In a normal distribution, x = 5 and z = –1.25. This tells you that x = 5 is ____ standard deviations to the ____ (right or left) of the mean.

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In a normal distribution, x = 3 and z = 0.67. This tells you that x = 3 is ____ standard deviations to the ____ (right or left) of the mean.

0.67, right

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In a normal distribution, x = –2 and z = 6. This tells you that x = –2 is ____ standard deviations to the ____ (right or left) of the mean.

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In a normal distribution, x = –5 and z = –3.14. This tells you that x = –5 is ____ standard deviations to the ____ (right or left) of the mean.

3.14, left

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In a normal distribution, x = 6 and z = –1.7. This tells you that x = 6 is ____ standard deviations to the ____ (right or left) of the mean.

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About what percent of x values from a normal distribution lie within one standard deviation (left and right) of the mean of that distribution?

about 68%

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About what percent of the x values from a normal distribution lie within two standard deviations (left and right) of the mean of that distribution?

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About what percent of x values lie between the second and third standard deviations (both sides)?

about 4%

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Suppose X ~ N (15, 3). Between what x values does 68.27% of the data lie? The range of x values is centered at the mean of the distribution (i.e., 15).

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Suppose X ~ N (–3, 1). Between what x values does 95.45% of the data lie? The range of x values is centered at the mean of the distribution(i.e., –3).

between –5 and –1

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Suppose X ~ N (–3, 1). Between what x values does 34.14% of the data lie?

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About what percent of x values lie between the mean and three standard deviations?

about 50%

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About what percent of x values lie between the mean and one standard deviation?

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About what percent of x values lie between the first and second standard deviations from the mean (both sides)?

about 27%

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About what percent of x values lie betwween the first and third standard deviations(both sides)?

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Use the following information to answer the next two exercises: The life of Sunshine CD players is normally distributed with mean of 4.1 years and a standard deviation of 1.3 years. A CD player is guaranteed for three years. We are interested in the length of time a CD player lasts.

Define the random variable X in words. X = _______________.

The lifetime of a Sunshine CD player measured in years.

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Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
Hi
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hi
LEMLEM
hello
Sammol
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Mahesh
bi
Ruqayat
hi
Ruqayat
Hi fellas
Nyawa
hey
Sammol
hi
God
hello
Jahara
Good morning
Jorge
hi
abubakar
hi
Nmesoma
hi
Mahesh
Hi
Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
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Isiaka
Hi
Geli
hy
Man
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Bahunda
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Amisha
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Geli
from Nepal
Amisha
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Amisha
nd u
Amisha
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Sekou
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Amisha
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ahh
Amisha
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Amisha
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kina k vo
Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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