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The Graduate Management Admission Test (GMAT) is a standardized exam used by many universities as part of the assessment for admission to graduate study in business. The average GMAT score for the university is 525. Assume that GMAT scores are bell-shaped with a standard deviation of 50. If required, round your answers to one decimal place.

(a) What percentage of GMAT scores are 576 or higher?

(b) What percentage of GMAT scores are 626 or higher?

(c) What percentage of GMAT scores are between 476 and 526?

(d) What percentage of GMAT scores are between 426 and 576?

Answer :

The Z-scores: Z1 = (426 - 525) / 50 = -1.98 and Z2 = (576 - 525) / 50 = 1.02. Using the Z-table or calculator, the percentage of scores between these two values is approximately 81.73%.

The GMAT scores are normally distributed with a mean of 525 and a standard deviation of 50. To calculate the percentage of scores for each given range, we need to use the Z-score formula. The Z-score measures the number of standard deviations a given value is from the mean.

a) To find the percentage of GMAT scores that are 576 or higher, we need to find the Z-score for 576 using the formula: Z = (x - μ) / σ. Substituting the values, we get Z = (576 - 525) / 50 = 1.02. Using a Z-table or calculator, we can find that the percentage of scores above 1.02 is approximately 15.89%.

b) Similarly, for scores of 626 or higher, we find the Z-score: Z = (626 - 525) / 50 = 2.02. Using the Z-table or calculator, the percentage of scores above 2.02 is approximately 2.22%.

c) To find the percentage of scores between 476 and 526, we need to find the Z-scores for both values. Z1 = (476 - 525) / 50 = -0.98 and Z2 = (526 - 525) / 50 = 0.02. By looking up the Z-scores on the Z-table or using a calculator, we find the percentage of scores between these two values is approximately 34.27%.

d) To find the percentage of scores between 426 and 576, we calculate the Z-scores: Z1 = (426 - 525) / 50 = -1.98 and Z2 = (576 - 525) / 50 = 1.02. Using the Z-table or calculator, the percentage of scores between these two values is approximately 81.73%.

In summary:
a) The percentage of GMAT scores that are 576 or higher is approximately 15.89%.
b) The percentage of GMAT scores that are 626 or higher is approximately 2.22%.
c) The percentage of GMAT scores between 476 and 526 is approximately 34.27%.
d) The percentage of GMAT scores between 426 and 576 is approximately 81.73%.

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