Finding the Standard Deviation from Probability

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SUMMARY

The discussion focuses on calculating the standard deviation (σ) of a random variable X given the probabilities P(X≤500)=0.5 and P(X>650)=0.0227. It is established that to find σ, one must assume a specific probability distribution, with the Normal distribution being suggested as a suitable model. The relationship between the median and standard deviation is clarified, emphasizing that the median (500) indicates a 50% probability threshold, while the remaining probabilities help define the variance through integration of the probability density function (PDF).

PREREQUISITES
  • Understanding of probability distributions, specifically Normal distribution
  • Familiarity with the concept of variance and its calculation
  • Knowledge of probability density functions (PDF)
  • Basic calculus for evaluating integrals
NEXT STEPS
  • Study the properties of the Normal distribution and its application in statistics
  • Learn how to calculate variance using integrals in probability theory
  • Explore the concept of probability density functions (PDF) in depth
  • Practice solving problems involving standard deviation and probability distributions
USEFUL FOR

Students studying statistics, data analysts, and anyone interested in understanding the relationship between standard deviation and probability distributions.

Samwise_geegee
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Homework Statement



For a certain random variable X, P(X≤500)=.5 and P(X>650)=.0227, find σ.



Homework Equations



μ=expected value=mean

Variance=∫(X-μ)2fx(X)dx evaluated from -∞ to ∞

σ=√Variance



The Attempt at a Solution



I'm not sure what the relationships between the standard deviation and the probabilities given are.
My only guess is that P(X≤500)=.5 also fits the definition for the median of this function but I'm not sure where the median fits into the standard deviation either. Any help is appreciated!
 
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Samwise_geegee said:

Homework Statement



For a certain random variable X, P(X≤500)=.5 and P(X>650)=.0227, find σ.



Homework Equations



μ=expected value=mean

Variance=∫(X-μ)2fx(X)dx evaluated from -∞ to ∞

σ=√Variance



The Attempt at a Solution



I'm not sure what the relationships between the standard deviation and the probabilities given are.
My only guess is that P(X≤500)=.5 also fits the definition for the median of this function but I'm not sure where the median fits into the standard deviation either. Any help is appreciated!

The question as written does not allow for a unique solution. You need to assume a form of probability distribution, such as Normal or Poisson or Gamma or ... . I suggest you try it for the case of normally-distributed X.
 
So you have a 50% chance of X being less than or equal to 500, and a 2.27% chance of it being greater than 650. That means there's a 47.73% chance for 500 < X <= 650. Now, knowing this you should be able to divide your integral into three separate integrals, as you now know the PDF values for each region.
 

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