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50 per cent of a certain product have weight 60 Kg or more whereas 10 per cent have weight 55 Kg or less. On the assumption of normality, what is the variance of weight? Given (1.28) = 0.90?
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50 per cent of a certain product have weight 60 Kg or more whereas 10 ...
Solution:

Given that 50% of the product has weight 60 Kg or more, and 10% have weight 55 Kg or less. Let us assume that the weight of the product follows a normal distribution.

Finding the Mean:

We know that the normal distribution is symmetric, and the mean is the midpoint of the distribution. Therefore, the mean of the distribution is:

Mean = (60 + 55) / 2 = 57.5 Kg

Finding the Standard Deviation:

Using the empirical rule, we can say that:

- 68% of the product falls within one standard deviation of the mean
- 95% of the product falls within two standard deviations of the mean
- 99.7% of the product falls within three standard deviations of the mean

Let us assume that x is the weight of the product and σ is the standard deviation.

- 50% of the product have weight 60 Kg or more. This implies that:

P(x ≥ 60) = 0.50

Using the standard normal distribution table, we can find the value of the z-score:

z = (60 - 57.5) / σ = 2.5 / σ

From the table, we get:

P(z ≥ 0.67) = 0.2514

Therefore, P(x ≥ 60) = 0.2514

- 10% of the product have weight 55 Kg or less. This implies that:

P(x ≤ 55) = 0.10

Using the standard normal distribution table, we can find the value of the z-score:

z = (55 - 57.5) / σ = -2.5 / σ

From the table, we get:

P(z ≤ -0.83) = 0.2033

Therefore, P(x ≤ 55) = 0.2033

Adding both probabilities, we get:

P(x ≤ 55) + P(x ≥ 60) = 0.2033 + 0.2514 = 0.4547

Using the complement rule, we get:

P(55 < x="" />< 60)="1" -="" p(x="" ≤="" 55)="" -="" p(x="" ≥="" 60)="1" -="" 0.4547="" />

Using the standard normal distribution table, we can find the value of the z-score:

z = (57.5 - 57.5) / σ = 0

From the table, we get:

P(-z < z="" />< z)="P(-1" />< z="" />< 1)="" />

Therefore, P(55 < x="" />< 60)="0.5453" ≈="" />

Solving for σ, we get:

(60 - 57.5) / σ = 0.84

σ ≈ 2.98 Kg

Finding the Variance:

Variance = σ^2 = (2.98)^2 = 8.88 Kg^2

Given (1.28) = 0.90:

The value (1.28) is the z-score corresponding to the cumulative probability of 0.90. From the standard normal distribution table, we get:

P(z ≤ 1.28) = 0.8997

Therefore, we can say that 90% of the product have
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50 per cent of a certain product have weight 60 Kg or more whereas 10 per cent have weight 55 Kg or less. On the assumption of normality, what is the variance of weight? Given (1.28) = 0.90?
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50 per cent of a certain product have weight 60 Kg or more whereas 10 per cent have weight 55 Kg or less. On the assumption of normality, what is the variance of weight? Given (1.28) = 0.90? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 50 per cent of a certain product have weight 60 Kg or more whereas 10 per cent have weight 55 Kg or less. On the assumption of normality, what is the variance of weight? Given (1.28) = 0.90? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 50 per cent of a certain product have weight 60 Kg or more whereas 10 per cent have weight 55 Kg or less. On the assumption of normality, what is the variance of weight? Given (1.28) = 0.90?.
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