Probability Between Z
1. The problem asks for the probability that a standard normal variable $Z$ lies between $-2.59$ and $1.47$, i.e., $P(-2.59 < Z < 1.47)$.
2. For a standard normal distribution, probabilities are found using the cumulative distribution function (CDF) $\Phi(z)$, which gives $P(Z \leq z)$.
3. The probability between two values $a$ and $b$ is $P(a < Z < b) = \Phi(b) - \Phi(a)$.
4. Using standard normal tables or a calculator, find:
- $\Phi(1.47) \approx 0.9292$
- $\Phi(-2.59) \approx 0.0048$
5. Calculate the probability:
$$P(-2.59 < Z < 1.47) = 0.9292 - 0.0048 = 0.9244$$
6. Therefore, the value of $P(-2.59 < Z < 1.47)$ is approximately $0.9244$.
This means there is about a 92.44% chance that $Z$ falls between $-2.59$ and $1.47$.