In: Statistics and Probability
A simple random sample has a sample size of n = 65. Given the population is normally distributed, find the critical value ta/2 corresponding to a 99% confidence level.
a) 2.678
b) 2.575
c) 2.000
d) 2.660
Given that, sample size (n) = 65
=> Degrees of freedom = 65 - 1 = 64
Therefore, using t-table, we get, t-critical value at significance level of 0.01 with 64 (in table see df = 60) is ta/2 = 2.660
Answer : d) 2.660
Note : if we used standard normal z-table, then critical value = 2.575