
Hannah H. answered 06/19/20
Previous University Finance Tutor
So if you just standardize the normal random variable, you can then just look it up in the Z-Table. The standardized form is
Z = (x - mean) / St. Dev
So, Z = (5 - 4.1) / 0.7
Z= 1.2857
Depending on how your professor prefers you to round, you will either have a Z-score of 1.28 or 1.29.
The Z-score of 1.29 shows a probability of .9015 on the Z-table. The question asks for the probability that the item will last longer than 5 years. At 5 years, the probability is .9015. So, to find out the probability of it lasting more than 5 years, we just subtract it from 1.
P(x>5) = 1 - .9015
P(x>5) = .0985