Find the critical value z a/2 that corresponds to a 93\% confidence level

UkusakazaL

UkusakazaL

Answered question

2021-08-03

Find the critical value z a/2 that corresponds to a 93% confidence level

Answer & Explanation

Rivka Thorpe

Rivka Thorpe

Beginner2021-08-03Added 3 answers

Step 1
C.I=93%
α=10.93=0.07
α2=0.035
Step 2
We need to find z such that P(Z>z)=0.035
P(Z<z)=10.035=0.965
z=1.81

karton

karton

Expert2023-05-09Added 613 answers

To find the critical value za2 that corresponds to a 93% confidence level, we can use the standard normal distribution table or a calculator.
Since we want to find the value that corresponds to the upper tail probability, we need to find the area to the left of the critical value. The remaining area in the right tail will be 100%93%2=3.5% on each side.
Using the standard normal distribution table or a calculator, we find that the area to the left of the critical value za2 is 10.035=0.965.
Therefore, we can write the equation as:
P(Z<za2)=0.965
In order to find the critical value za2, we need to look up the value that corresponds to the area of 0.965 in the standard normal distribution table.
The critical value za2 that corresponds to a 93% confidence level is approximately 1.81.
Thus, the solution is za2=1.81.
user_27qwe

user_27qwe

Skilled2023-05-09Added 375 answers

To solve for the critical value za2 corresponding to a 93% confidence level is by using the inverse cumulative distribution function (CDF) of the standard normal distribution.
The inverse CDF gives us the value for which the cumulative probability is equal to a given value. In this case, we want to find the value za2 such that the cumulative probability up to za2 is equal to 0.93.
Using the standard normal distribution, we can express this as:
P(Z<za2)=0.93
To solve for za2, we can use a calculator or software that provides the inverse CDF of the standard normal distribution. Plugging in the probability value of 0.93, we find that:
za21.81
Hence, the solution remains za2=1.81 using this alternate method.
RizerMix

RizerMix

Expert2023-05-09Added 656 answers

A 93% confidence level implies that we have a 7% significance level on each tail of the distribution (since 100%93%=7%). To find the critical value, we need to determine the point on the standard normal distribution that separates the central region containing 93% of the area from the two tails containing 7% of the area.
Since the standard normal distribution is symmetric, we need to find the point where 3.5% of the area lies in each tail. This is equivalent to finding the point where 0.035 (3.5%) of the area lies in the right tail.
Using a standard normal distribution table or calculator, we can determine the value for which the cumulative probability in the right tail is 0.035.
The critical value za2 is approximately 1.81.
Therefore, the solution is za2=1.81.
Don Sumner

Don Sumner

Skilled2023-05-09Added 184 answers

Answer: 1.81
Explanation:
To determine the critical value za2 that corresponds to a 93% confidence level, we can use the standard normal distribution.
The critical value represents the number of standard deviations from the mean, such that the area under the normal curve to the right of that value is equal to a2.
For a 93% confidence level, the significance level (α) is equal to 10.93=0.07. Since the normal distribution is symmetric, we divide α by 2 to get a2=0.072=0.035.
We can then use a standard normal distribution table or a calculator to find the value of z0.035. The critical value is the z-score such that the area to the left of it is equal to 0.035.
Using a standard normal distribution table or a calculator, we find that z0.0351.811 (rounded to three decimal places).
Therefore, the critical value za2 that corresponds to a 93% confidence level is approximately 1.81.

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