Hi,
Population s = .8/sqrt(36) = .8/6 = .1333
z = (500.7 - 500.2)/.133 = .5/.1333 = 3.751
3.75 standard deviations from mean? YES unlikely
For the normal distribution:
one standard deviation from the mean accounts for about 68.2% of the set
two standard deviations from the mean account for about 95.4%
and three standard deviations from the mean account for about 99.7%.
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 (x value the mean) 50% of the area under the curve is to the left and %50 to the right