Benjamin M. answered 10/03/23
#1 Statistics Expert with Hopkins MBA Here to Elevate Your Performance
Hi Bailey,
Final answer is 7.4 years. See explanation and all work shown below.
As mentioned previously, I'm happy to offer a free session as I noticed you have several questions posted :). Let me know!
To find the lifespan at which the 9% of items with the shortest lifespan will last, we can use the z-score formula for a normal distribution. We'll find the z-score corresponding to the 9th percentile and then convert it back to the actual number of years.
First, find the z-score corresponding to the 9th percentile using a standard normal distribution table or calculator. The z-score represents how many standard deviations a value is from the mean.
For the 9th percentile, we're interested in the lower tail of the distribution, so it's a negative z-score. You can use a standard normal distribution table to find that the z-score is approximately -1.34 (rounded to two decimal places).
Now, we can use the z-score formula to find the corresponding value in years:
z = (X - μ) / σ
Where:
- z is the z-score (-1.34).
- X is the value we want to find.
- μ is the mean (9.5 years).
- σ is the standard deviation (1.6 years).
Now, plug in the values:
-1.34 = (X - 9.5) / 1.6
Next, isolate X (the number of years) by multiplying both sides by 1.6 and adding 9.5:
-1.34 * 1.6 = X - 9.5
-2.144 = X - 9.5
X = -2.144 + 9.5
X ≈ 7.36 years
So, the 9% of items with the shortest lifespan will last less than approximately 7.4 years (rounded to one decimal place).
Thank you,
Benjamin M.