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Standardized test-normally distributed

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Question 1. The graduate selection committee wants to select the top 10% of applicants. On a standardized test with a mean of 500 and a standard deviation of 100, what would be the cutoff score for selecting the top 10% of applicants, assuming that the standardized test is normally distributed?

Question 2. The average commute time via train from the Chicago O'Hare Airport to downtown is 60 minutes with a standard deviation of 15 minutes. Assume that the commute times are normally distributed. What proportion of commutes would be:
longer than 80 minutes?

less than 50 minutes?
between 45 and 75 minutes?

Question 3. Bob takes an online IQ test and finds that his IQ according to the test is 134. Assuming that the mean IQ is 100, the standard deviation is 15, and the distribution of IQ scores is normal, what proportion of the population would score higher than Bob? Lower than Bob?

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Accounting Basics: Standardized test-normally distributed

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Standardized test-normally distributed

Reference No:- TGS01621143

Recent Questions Asked Accounting Basics

Q : Taxpayer be required to complete a schedule

Q : Subject to income tax

Q : Calculating the break-even point in units

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Q : Calculate the amount available at the end

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