Hi,
finding p-value after determining the correct z-value (or visa-versa)can be done:
I. using a chart
II. TI calculator
III. Excel function
a) z = 3 ⇒ p = .999 Or 99.9% ≤ 13.3oz
What proportion of the packages will contain more than 13.3 oz of cereal?
1- .999 = .001 Or 1%
Calculate the 85th percentile and interpret the result.
IF P = .85 ⇒ z = 1.04
1.04 = (x - 13)/.1
.104 + 13 = x
13.104 = x, the 85th percentile
Important to Understand z -values as they relate to the Standard Normal curve:
Below: z = 0, z = ± 1, z= ±2 , z= ±3 are plotted.
Note: z = 0 , 50% of the area under the curve is to the left and 50% to the right