Hi guys i have two questions i´m struggling with.
1)The mean duration of education for a population is 12 years and the standard deviation is 2 years. What is the maximum probability that a randomly selected individual will have had less than 9 or more than 15 years of education?
2)Limit Theorem: A firm receives 100 applications for a vacant job. Assume that the invitation to a job interview is i.i.d (Bernoulli). Further, imagine that the probability of being invited to an interview is 1/2. What is the probability that the number of applications accepted for interview is larger than 65?
Thanks in advance!
"1)The mean duration of education for a population is 12 years and the standard deviation is 2 years. What is the maximum probability that a randomly selected individual will have had less than 9 or more than 15 years of education?"
Look up the probabilities of X< (9- 12)/2 and X> (15-12)/2 in a table of the standard normal distribution and add them. Wikipedia has one here: https://en.wikipedia.org/wiki/Standard_normal_table.