Question
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
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
Z = (score-mean)/SD
Related Questions
The GMAT test is required for admission to most graduate programs in business. In a recent year, th...
A random sample of 100 GMAT scores has a mean of 500. Assume that GMAT scores have a population sta...
Most graduate schools business require applicants from admission to take the Graduate Management Adm...