Find the critical valuezα/2that corresponds to the given

Fernando C

Fernando C

Answered question

2022-08-09

Find the critical value

zα/2

that corresponds to the given confidence level.  85%

Answer & Explanation

Ian Adams

Ian Adams

Skilled2022-08-09Added 140 answers

Critical value for 85% confidence level

Z(α/2) = Z (0.15 /2) = 1.44
 

 

Confidence Interval
X̅ ± t(α/2, n-1) S/√(n)
t(α/2, n-1) = t(0.01 /2, 106- 1 ) = 2.623
98.7 ± t(0.01/2, 106 -1) * 0.63/√(106)
Lower Limit = 98.7 - t(0.01/2, 106 -1) 0.63/√(106)
Lower Limit = 98.539
Upper Limit = 98.7 + t(0.01/2, 106 -1) 0.63/√(106)
Upper Limit = 98.861
99% Confidence interval is ( 98.539 , 98.861 )

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