Solution to Compute a range of yearly clothing expenditures— measured in dollars—that includes 80% of all students … - Sikademy
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Mirian Woke

Compute a range of yearly clothing expenditures— measured in dollars—that includes 80% of all students on this campus? Explain why any number of such ranges could be found, and find the shortest one.

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It is known that amounts of money spent on clothing in a year by students on a particular campus follow a normal distribution with a mean of $380 and a standard deviation of $50. Compute a range of yearly clothing expenditures— measured in dollars—that includes 80% of all students on this campus? Explain why any number of such ranges could be found, and find the shortest one.

Solution:


There are an infinite number of pairs of values a and b such that P(a<Z<b)=0.8 .

The shape of the bell curve causes the distance between a and b to be minimized if we center this interval on zero (which means a=-b ).

Therefore:

0.8=P\left(z_{-b}<Z<z_{b}\right)

And 0.4=P\left(Z<z_{b}\right)

Therefore z_{b} \cong 1.28

\begin{aligned} (a, b) & \cong(\mu-1.28 \sigma, \mu+1.28 \sigma) \\ & \cong(380-1.28(50), 380+1.28(50)) \\ & \cong(316,444) \end{aligned}

 

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