I have learned that 17% of the vehicles within a certain population drive less than 7. 500 km per year. On average, a given vehicle in that population will drive 13.300 km per year.
Assuming a normal distribution, how (mathematically, using a graphic calculator, or using Excel) can I calculate the standard deviation for the population at hand1?
First of all the equation is
$$0.17=P\left( Z\leq z\right)=P\left( Z\leq \frac{7500-13300}{\sigma}\right)=\Phi\left( \frac{7,500-13,300}{\sigma}\right)$$
The random variable $Z$ is standard normal distributed as $Z\sim \mathcal N(0,1)$. $\Phi(z)$ is the notation for the cdf of the standard normal distribution. Now we take the inverse function.
$$\Phi ^{-1}\left( 0.17\right)= \frac{7,500-13,300}{\sigma}\quad (*)$$
Now you can evaluate the value of $ z$ where $\Phi(z)=0.17$ by using
$a)$ an online calculator
Type in $0.174$ at the input field "Cummulative probability"
$b)$ Excel
Type in a cell: $\texttt{=norminv(0.17,0,1)}$
Finally replace $\Phi ^{-1}\left( 0.17\right)$ by the returned value $z$ and solve the equation (*) for $\sigma$