Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

High school students across the nation compete in a financial capability challenge each year by taking a National Financial Capability Challenge Exam. Students who score in the top 25 percent are recognized publicly for their achievement by the Department of the Treasury. Assuming a normal distribution, how many standard deviations above the mean does a student have to score to be publicly recognized?

Sagot :

Using the normal distribution, it is found that a student has to score 0.675 standard deviations above the mean to be publicly recognized.

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.

The top 25% is at least the 100 - 25 = 75th percentile, which is X when z has a p-value of 0.75.

  • Looking at the z-table, z = 0.675 has a p-value of 0.75.

Hence, a student has to score 0.675 standard deviations above the mean to be publicly recognized.

A similar problem is given at https://brainly.com/question/25784380

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.