Hello,
The question below is from Greg’s video on “Normal Distribution Calculations” in PrepSwift
Let W be a random variable that is normally distributed. If the probability of W being less than 40 is 1/6 and 70 is two standard deviations above the mean, which of the following is the best estimate for the mean of W?
In the solution, Greg says that 1/6 is ~16% (which is correct, ofcourse), but actually calculating 1/6 gives us 16.66%. Wouldn’t this mean that the probability of 40 being less than 1/6 is slightly more than right at -1SD from the mean? That is, -1SD from the mean would be something like 38 or 39? Because of that, wouldn’t the mean also shift slightly less?
I understand I’m splitting hairs here with the 16% vs 16.66%, but I assumed this is one way ETS will try to trick us (given that 16.66% is slightly more than the 16% of data that falls below -1SD).
Is my thinking correct?