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Test your understanding question no 16 at back of kaplan

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Test your understanding question no 16 at back of kaplan

  • This topic has 5 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • October 9, 2021 at 11:53 am #637340
    tushargujral
    Participant
    • Topics: 66
    • Replies: 95
    • ☆☆

    Question

    The weights of a certain mass-produced item are known, over a long period of time, to be normally distributed with a mean of 8 kg and a standard deviation of 0.02 kg.
    Required:
    (a) If items whose weight lies outside the range 7.985 – 8.035 kg are deemed to be faulty, what percentage of products will be faulty?
    (b) If it is required to reduce the percentage of items that are too heavy (with weight over 8.035 kg) to 2%, to what value must the mean weight be decreased, leaving all other factors unchanged?
    (c) If it is required to reduce the percentage of items that are too light (with weight below 7.985 kg) to 2%, to what value must the standard deviation be decreased, leaving other factors unchanged?

    Sir i dont get part b in answer it says

    The tail-end probability of 2% corresponds to the table entry 48%
    = 0.48, and so to the z-value 2.05.
    Use the formula to work back to calculate the mean: 2.05 = (8.035 – ?)/0.02

    I dont get the tail end probability how they get 48% part can you explain

    October 9, 2021 at 2:18 pm #637348
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    Because the normal distribution is symmetrical, the % with a weight of more than the mean must be 50%.
    If 2% weigh over 8.035kg, then the % weighing between the mean and 8.035kg must be 50 – 2 = 48% or 0.48.

    It seems as though you are happy with the rest of the workings, but if not then ask again.

    October 9, 2021 at 6:17 pm #637358
    tushargujral
    Participant
    • Topics: 66
    • Replies: 95
    • ☆☆

    Okay sir i think now i get it what question was exactly saying i did with diagram again and with your explanation i am getting it now somewhat please keep this comment open if i get doubt i will ask in this related to this question

    October 10, 2021 at 9:05 am #637377
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    OK – I will leave it open for a few days 🙂

    October 14, 2021 at 12:22 pm #637665
    tushargujral
    Participant
    • Topics: 66
    • Replies: 95
    • ☆☆

    Sir you can close it i cleared my exam, thanks alot for videos your explanation are easy and good i really like the open tuition lookinf forward for next exam

    October 14, 2021 at 4:54 pm #637682
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54656
    • ☆☆☆☆☆

    That is great news that you have passed the exam. Many congratulations 🙂

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    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • The topic ‘Test your understanding question no 16 at back of kaplan’ is closed to new replies.

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