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How do you solve this problem. You drive to work. Drive time mean 30 min standard deviation 4 min. Workday begins at 9am. What time should you leave so that probability on time is 95 percent?
Wiki User
∙ 8y ago
if standard deviation is 4 minutes 95% probability is about 2 standard deviations (actually 1.96) so you would need to allow 30 + 8 = 38 minutes
Wiki User
∙ 8y ago
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When an average rate of return of 16.7 percent and a standard deviation of 43.1 percent What is the approximate probability that this stock will yield more than 60 percent in any given year?
Assuming the returns are nomally distributed, the probability is 0.1575.
What is the significance of standard deviation?
To see how wide spread the results are. If the average (mean) grade for a certain test is 60 percent and the standard deviation is 30, then about half of the students are not studying. But if the mean is 60 and the standard deviation is 5 then the teacher is doing something wrong.
Mean of 85 standard deviation of 3what percent would you expect to score between 88 and 91?
mrs.sung gave a test in her trigonometry class. the scores were normally distributed with a mean of 85 and a standard deviation of 3. what percent would you expect to score between 88 and 91?
What is the mean and standard deviation of 60 percent of 300?
There is insufficient information in the question to answer it. In order to compute a mean and a standard deviation, you need at least two data points, but the question only gave one. Please restate the question.
How do you find percent deviation?
to find percent deviation you divide the average deviation into the mean then multiply by 100% . to get the average deviation you must subtract the mean from a measured value.
When an average rate of return of 16.7 percent and a standard deviation of 43.1 percent What is the approximate probability that this stock will yield more than 60 percent in any given year?
Assuming the returns are nomally distributed, the probability is 0.1575.
Let X be a normal random variable with mean 10 and standard deviation of 5 What is the probability that X is greater than 12?
30 percent.
The mean plus or minus the standard deviation for a normal distribution provides a probability range of what percent?
in a normal distribution, the mean plus or minus one standard deviation covers 68.2% of the data. If you use two standard deviations, then you will cover approx. 95.5%, and three will earn you 99.7% coverage
How do you do percent variation?
Percent variation is the standard deviation divided by the average
What is percent deviation?
Percent deviation is a measure of how much a value deviates, or differs, from a standard or expected value. It is calculated by taking the absolute difference between the measured value and the standard value, dividing by the standard value, and then multiplying by 100 to express it as a percentage.
What is the significance of standard deviation?
To see how wide spread the results are. If the average (mean) grade for a certain test is 60 percent and the standard deviation is 30, then about half of the students are not studying. But if the mean is 60 and the standard deviation is 5 then the teacher is doing something wrong.
What percent of the scores in a normal distribution will fall within one standard deviation?
It is 68.3%
Does 84 percent of people do higher than 1 standard deviation below the mean?
yes
What is the approximate standard deviation of returns if over the past four years an investment returned 8.0 percent 12.0 percent 12 percent and 15.0 percent?
s
Is the middle spread that is the middle 50 percent of the normal distribution is equal to one standard deviation?
false
What proportion of score lie below 68 if the mean is 75 and the standard deviation is 12?
20 percent
Mean of 85 standard deviation of 3what percent would you expect to score between 88 and 91?
mrs.sung gave a test in her trigonometry class. the scores were normally distributed with a mean of 85 and a standard deviation of 3. what percent would you expect to score between 88 and 91?
