In: Statistics and Probability
Solution:
We have to find critical value when the confidence level is 92%.
c = confidence level = 0.92
then
thus
Look in z table for Area = 0.0400 or its closest area and find z value.
Area 0.0401 is closest to 0.0400 and it corresponds to -1.7 and 0.05
Thus z = -1.75
For confidence level ,we use absolute z value.
that is z = 1.75
Thus