Answer :
The minimum score required for the scholarship is 646.765.
What is mean, variance and standard deviation ?
Standard deviation is a measure of the distribution of statistical data, whereas variance is a measure of how data points differ from the mean. The main distinction between the two is that whereas variance is expressed in squared units, standard deviation is expressed in the same units as the data's mean.
Calculation
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation , the z-score of a measure X is given by:
Z = [tex]\frac{X - mean}{s.d.}[/tex]
In this problem, we have that:
mean = 488 , s.d. = 113
What is the minimum score required for the scholarship?
Top 8%, which means that the minimum score is the 100-8 = 92th percentile, which is X when Z has a pvalue of 0.92. So it is X when Z = 1.405.
Z = (X - mean) / s.d.
1.405 = (X - 488) / 113
X = (1.405 x 113) + 488
X = 646.765
the minimum score required for the scholarship is 646.765.
learn more about mean , standard deviation , variance here :
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