SOLUTION: can you please help me solve this problem
you plan to open a men's closing store. to minimize startup costs, you will not stock suits for the tallest 2% and the shortest 2% of m
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you plan to open a men's closing store. to minimize startup costs, you will not stock suits for the tallest 2% and the shortest 2% of m
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Question 1101771: can you please help me solve this problem
you plan to open a men's closing store. to minimize startup costs, you will not stock suits for the tallest 2% and the shortest 2% of men. find the minimum and maximum heights of the men for whom suits will be stocked. assume the men have normally distributed heights with a mean of 70 inches and a standard deviation of 2.9 inches. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! you will not stock suits for the tallest 2% and the shortest 2% of men. find the minimum and maximum heights of the men for whom suits will be stocked. assume the men have normally distributed heights with a mean of 70 inches and a standard deviation of 2.9 inches.
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Find the z-value with a left-tail of 0.02
z = invNorm(0.02) = -2.0537
Note:: By symmetry, the z-value with a right-tail of 0.02 is +2.0537
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Find the corresponding height values::
Lower:: height = -2.0537*2.9+70 = 64.04 inches
Upper:: height = +2.0537*2.9+70 = 75.96 inches
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Cheers,
Stan H.
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