5.38 Find the 99th percentile of a normal random variable with μ=8 and σ2=9
Given that,
mean = = 8
= 9
standard deviation = = 3
Using standard normal table,
P(Z < z) = 99%
= P(Z < z) = 0.99
= P(Z <2.33 ) = 0.99
z =2.33 Using standard normal z table,
Using z-score formula
x= z * +
x= 2.33 *3+8
x= 14.99=15 rounded
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