business statistics

Question

For a standard normal distribution, given:

P(z < c) = 0.4828

Find c.

Answer 1

Hello Palmira, thank you for posting your question!

On this type of question the place you want to reference in order to solve is either a normal distribution table or some type of software like Microsoft Excel that is able to do normal distribution calculations.

If you check one of those for reference you should find that the value of “c” that meets this criteria is c = -0.04.

I hope that helps! :)