Asked by sharon

If GMAT scores for applicants at Oxnard Graduate School of Business are N(500, 50) then the top 5 percent of the applicants would have a score of at least (choose the nearest integer):

Answers

Answered by PsyDAG
Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion/probability (.05) related to a Z score. Insert the values into the equation below and solve for the score.

Z = (score-mean)/SD
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