Suppose that 10% of the probability for a certain distribution that is N (µ, σ^2 ) is below 60 and that 5% is above 90. What are the values of µ and σ?
This is what I have so far:
P(x < 60) = 0.1 // since 10% of the probability is below 60
P(x > 90) = 0.05 // since 5% of the probability is above 90
$${P({(x-µ)\overσ} < {(60-µ)\overσ} = 0.1)} $$
$${P({(x-µ)\overσ} < {(90-µ)\overσ} = 0.95)} $$
Step 2:
$$(1) {P(Z < {(60-µ)\overσ} = 0.1)} $$ $$(2) {P(Z < {(90-µ)\overσ} = 0.95)}$$ // Why is (2) = 0.95 and not 0.9?
Step 3:
$${{(60-µ)\overσ} = -1.282)} $$ $${{(90-µ)\overσ} = 1.645)} $$
Step 4:
$${{(60-µ)} = -1.282σ)} $$ $${{(90-µ)} = 1.645σ)} $$
The final answer is provided but I am unsure on how to get to it. Any help on this would be appreciated
Solution µ = 73.14 and σ = 10.25
Hint: find values $z_1,\,z_2$ with$$\mu+z_1\sigma=60,\,\mu+z_2\sigma=90$$by solving$$\Phi(z_1)=0.1,\,\Phi(z_2)=0.95,$$with $\Phi$ the $N(0,\,1)$ CDF. Now solve simultaneous equations for $\mu,\,\sigma$.