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Standardizing Normal Variables
Suppose we have a normal population. We can represent it by a normal variable X. Further, we can convert any value of X into a corresponding value Z of the standard normal variable, by using the formula
Where,
X = the value of any random variable
m = the mean of the distribution of the random variable
s = the standard deviation of the distribution
Z = the number of standard deviations from X to the mean of the distribution and is known as the Z score or standard score.
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How long does it take for an amount of money P to double itself if it is invested at 8% interest compounded 4 times a year?
application
if A be the area of a right triangle and b be one of the sides containing the right angle, prove that the length of the altitude on the hypotenuse is 2Ab/rootb^4+4A^2
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