In: Statistics and Probability
You intend to estimate a population mean with a confidence interval. You believe the population to have a normal distribution. Your sample size is 14. Find the critical value that corresponds to a confidence level of 95%. (Report answer accurate to three decimal places with appropriate rounding.)
Given that,
Sample size (n) = 14
Confidence level = 95%
Here Significance level is
= 1- confidence level = 1 - 0.95 = 0.05
And degrees of freedom is,
df= n - 1 = 14 - 1 = 13
The t-critical value for a one tailed t-test, for a significance α=0.05 and df=13 is
tc=1.771