SOLUTION: Find the value of the standard normal random variable ๐‘ง, called ๐‘ง0 such that ๐‘ƒ(โˆ’๐‘ง0โ‰ค๐‘งโ‰ค0)=0.2246 ๐‘ง0=?

Algebra ->  Finance -> SOLUTION: Find the value of the standard normal random variable ๐‘ง, called ๐‘ง0 such that ๐‘ƒ(โˆ’๐‘ง0โ‰ค๐‘งโ‰ค0)=0.2246 ๐‘ง0=?       Log On


   

Question 1178492: Find the value of the standard normal random variable ๐‘ง, called ๐‘ง0 such that
๐‘ƒ(โˆ’๐‘ง0โ‰ค๐‘งโ‰ค0)=0.2246
๐‘ง0=?


Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This has probability of 0.1123 on either side of the median.
Can use invnorm function (0.3877,0,1) for the left side and the value of z is 0.2853
so -z(0.2853)