Change the percent of observations in the tails

Assignment Help Business Economics
Reference no: EM132436310

Changing the mean of a Normal distribution by a moderate amount can greatly change the percent of observations in the tails. In 2002, the scores of men on the Math SAT followed the N(534,113) distribution. Women's Math SAT scores that year had the N(500,113) distribution.

The mean Math SAT score for men was 34 points, i.e., 6.8% higher. (34 is 6.8% of 500.)

How much higher (in percent terms) is the percent of men scoring 750 or better (than the corresponding percent of women)?

Reference no: EM132436310

Questions Cloud

What would happen to palm oil consumption in indonesia : If the income effect of price change of palm oil is greater than the substitution effect, what would happen to palm oil consumption in Indonesia?
What are the potential supply and demand risks : What are the potential supply and demand risks in the global oil market? Support your statements with research and references.
Find the probability that the normal random variable : Find the probability that the Normal random variable with mean 20 and standard deviation 3.2 will generate an outlier (outside the inner fences) observation.
Discuss Maslows theory : Research and discuss Maslow's theory of needs and how it is applied to marketing. Resources MUST include articles in the library's full-text databases.
Change the percent of observations in the tails : Changing the mean of a Normal distribution by a moderate amount can greatly change the percent of observations in the tails.
Developing countries have experienced major compositional : In the past half century, the developing countries have experienced major compositional shifts from exports of primary products
What is the break-even price for the toy truck : If the estimated demand is 100,000 trucks, what is the break-even price for the toy truck? Should you shut down?
Explain Customer Relationship Management : Explain Customer Relationship Management,how you will incorporate CRM into your plan. Be sure to include a discussion on the role of technology
Hire another employee or buy another copier : Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

Reviews

Write a Review

Business Economics Questions & Answers

  What is the expected investment per expected reserves

The probability of successfully drilling exploration well in a region is 40%, the cost of drilling and completing a well is $50 million and if the well is successful, the etimated size of the discovered reserves is 50 MM barrels. On the other hand, a..

  Why do you suppose r was included in the equation

Why do you suppose R was included in the equation as a variable? If you were a supplier to the furniture manufacturer.

  Rest of the variables remained the same

Knowing that V = (V0 - C) r + Sr describes the decision to cut wood now versus next year. If, V0 = 1000; V1 = 1250; C = 500; r = 0.10; and S = 500,

  Using the supply and demand graphs

Using the supply and demand graphs for both the bond market and the loanable funds market, show the effects of an increase in the expected return on stocks.

  What is the dead-weight-loss relative to the social optimum

Maggie likes her cigars. Her demand for cigars is MRSXC = 60−C, where X is the amount of money for all other goods she is willing to give up for an additional cigar. How many cigars would Maggie be allowed to smoke in the social optimum? Suppose a la..

  Derivative application exercise

Calculate the Y values corresponding to the X values given below. Find the critical values for X for the given polynomial by finding the X values.

  Interpreted in economic terms for input-output models

Let D be an n × n matrix for a Leontief input-output model. We will say this models an economy with n industries I1, I2, · · · , In. Let x be an n × 1 vector. 1. Consider two possible conditions: (R) The entries of row k sum to 1: Sigma from j=1 to n..

  Assume that a piece of equipment has a replacement cost

Assume that a piece of equipment has a replacement cost of $10,000 and an 8-year life. Calculate its annualized cost at an interest rate of 15%. Show your calculations.

  About the the negotiation process

Discuss the following statements then respond to at least two of your classmates’ postings. Define the Four Stages of the Negotiation Process and discuss what changes have taken place in the negotiation tactics since the 1950s. Explain why the Best A..

  What factors might contribute to a low growth rates

What factors might contribute to a low growth rates in a country?

  Explain factors that could cause possible changes in supply

Write a 700- to 1,050-word paper explaining factors that affect supply and demand. Include the following Explain factors that could cause possible changes in supply and demand.

  The purpose of randomized pricing is to reduce

The purpose of randomized pricing is to reduce:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd