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(Solved): Part C) Convert ???? to a standard normal random variable ????????(0,1) and calculate the values ...



Part C) Convert ???? to a standard normal random variable ?????????(0,1) and calculate the values for Part A and Part B again, but using the transformed random variable. Save your answers as p2.c.CDF and p2.c.invCDF and round your answers to two decimal places. What do you notice? Note that transforming ???? will also transform the values within each equality. That is, the 9 from Part A will be transformed to ????, and you must solve for ????(?????????). Likewise, the ???? from Part B will be transformed to ?, and you must solve for ? such that ????(??????)=0.75.



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