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Category > Business & Finance Posted 03 Jun 2017 My Price 11.00

Let X be normally distributed

Let X be normally distributed with a given mean and standard deviation. Sometimes you want to find two values a and b such that P(a

a. Find a and b so that there is probability 0.05 in each tail.

b. Find a and b so that there is probability 0.025 in the left tail and 0.075 in the right tail.

c. The usual answer to the general problem is the answer from part a, that is, where you put equal probability in the two tails. It turns out that this is the answer that minimizes the length of the interval from a to b. That is, if you solve the following problem: minimize (b − a), subject to P(a

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Status NEW Posted 03 Jun 2017 12:06 PM My Price 11.00

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