How to Calculate and Solve for Standard Normal Variable | Probability

The image above represents standard normal variable.

To compute for standard normal variable, three essential parameters are needed and these parameters are value (x), mean (μ) and standard deviation (σ).

The formula for calculating standard normal variable:

z = (x – μ)σ

Where;

z = Standard Normal Variable
x = Value
μ = Mean
σ = Standard Deviation

Let’s solve an example;
Find the standard normal variable when the value is 4, the mean is 20 and the standard deviation is 26.

This implies that;

x = Value = 4
μ = Mean = 20
σ = Standard Deviation = 26

z = (x – μ)σ
z = (4 – 20)26
z = (-16)26
z = -0.615

Therefore, the standard normal variable is -0.615.

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How to Calculate and Solve for Standard Deviation | Probability

The image above represents standard deviation.

To compute for standard deviation, three essential parameters are needed and these parameters are Number of possible outcomes in any single trial (n), Probability of a success in any single trial (p) and Probability of a failure in any single trial (q).

The formula for calculating standard deviation:

σ = √(npq)

Where;

σ = Standard deviation
n = Number of Possible Outcomes in Any Single Trial
p = Probability of a Success in Any Single Trial
q = Probability of a Failure in Any Single Trial

Let’s solve an example;
Find the standard deviation when the number of possible outcomes in any single trial is 14, the probability of a success in any single trial is 0 and the probability of a failure in any single trial is 1.

This implies that;

n = Number of Possible Outcomes in Any Single Trial = 14
p = Probability of a Success in Any Single Trial = 0
q = Probability of a Failure in Any Single Trial = 1

σ = √(npq)
σ = √((14)(0)(1))
σ = √(0)
σ = 0

Therefore, the standard deviation is 0.

Calculating for Number of Possible Outcomes in Any Single Trial when the Standard Deviation, the Probability of a Success in Any Single Trial and the Probability of a Failure in Any Single Trial is Given.

n = σ2 / pq

Where;

n = Number of Possible Outcomes in Any Single Trial
σ = Standard deviation
p = Probability of a Success in Any Single Trial
q = Probability of a Failure in Any Single Trial

Let’s solve an example;
Given that standard deviation is 5, the probability of a success in any single trial is 1 and the probability of a failure in any single trial is 1. Find the number of possible outcomes in any single trial?

This implies that;

σ = Standard deviation = 5
p = Probability of a Success in Any Single Trial = 1
q = Probability of a Failure in Any Single Trial = 1

n = σ2 / pq
n = 52 / 1 x 1
n = 25 / 1
n = 25

Therefore, the number of possible outcomes in any single trial is 25.

Continue reading How to Calculate and Solve for Standard Deviation | Probability