Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
Using the normal distribution and the central limit theorem, it is found that:
1. 0.692 = 69.2% of NFL players retire by the age of 36.
2. 40% of NFL players will retire by an age of 32.5 years.
3. 0.001 = 0.1% probability that their mean retirement age will be less than 32 years.
In a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
- It measures how many standard deviations the measure is from the mean.
- After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.
- By the Central Limit Theorem, the sampling distribution of sample means of size n has standard deviation given by [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].
In this problem:
- Mean of 33 years, thus [tex]\mu = 33[/tex].
- Standard deviation of 2 years, thus [tex]\sigma = 2[/tex].
Item 1:
This probability is the p-value of Z when X = 36, thus:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
[tex]Z = \frac{36 - 33}{2}[/tex]
[tex]Z = 0.5[/tex]
[tex]Z = 0.5[/tex] has a p-value of 0.692.
0.692 = 69.2% of NFL players retire by the age of 36.
Item 2:
This age is the 40th percentile, which is X when Z has a p-value of 0.4, so X when Z = -0.253.
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
[tex]-0.253 = \frac{X - 33}{2}[/tex]
[tex]X - 33 = -0.253(2)[/tex]
[tex]X = 32.5[/tex]
40% of NFL players will retire by an age of 32.5 years.
Item 3:
Sample of 36, thus [tex]n = 36, s = \frac{2}{\sqrt{36}} = 0.3333[/tex]
This probability is the p-value of Z when X = 32, thus:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
By the Central Limit Theorem
[tex]Z = \frac{X - \mu}{s}[/tex]
[tex]Z = \frac{32 - 33}{0.3333}[/tex]
[tex]Z = -3[/tex]
[tex]Z = -3[/tex] has a p-value of 0.001.
0.001 = 0.1% probability that their mean retirement age will be less than 32 years.
A similar problem is given at https://brainly.com/question/25218719
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.