In: Statistics and Probability
Find the critical value z Subscript c necessary to form a confidence interval at the level of confidence shown below. zc= 0.87
Answer:
Given Data
The level of significance is obtained below :
Here , confidence level is 0.87 ,
The level of significance is 0.935
Explanation
The level of significance is obtained by dividing the c with 2 , and subtracting from 1.
The critical value for 0.87 level of confidence is obtained below :
The value is obtained below:
That is ,
Procedure for finding the z - value is listed below :
That is ,
The critical value for 0.87 level of confidence is 1.51
Explanation
Locate the probability of 0.935 in the standard normal table and identify the corresponding row and column values to obtain the critical value for 0.87 level of confidence .
The critical value for 0.87 level of confidence is 1.51.
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