Marla G. answered 07/05/22
Masters Degree in Applied Statistics with 20+ Years of Work Experience
To find the percentile (for a single value) for a normally distributed random variable, we can use the following formula:
Percentile Value = μ + zσ
- where: μ: Mean
- z: z-score from z table that corresponds to percentile value
- σ: Standard deviation
For example: to find the 15%, you need to find the value of Z (using the appropriate table) that closest to 0.15.
To find the percentile (for the sample mean), the CLT tells us that the distribution of the mean is also normal with the same mean as the population mean, and the std. dev. is = sigma/√N. Now you can follow the same steps as above(using the formula, but the std. dev. will be a different value, which will yield a different percentile.