document.write( "Question 555031: If we wish to have a 98% confidence interval, what would be the value of α/2? Show how you arrived at this answer. \n" ); document.write( "
Algebra.Com's Answer #361622 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! If we wish to have a 98% confidence interval, \n" ); document.write( "what would be the value of α/2? \n" ); document.write( "---- \n" ); document.write( "98% confidence leaves 2% in the normal distribution tails. \n" ); document.write( "That leaves 1% in the left tail and 1% in the right tail. \n" ); document.write( "You could use your z-chart or your calculator to find the \n" ); document.write( "z-value with a left (or right) tail of 0.0100 \n" ); document.write( "That number is - or +2.3263 \n" ); document.write( "Use the positive value to calculate the confidence interval. \n" ); document.write( "------- \n" ); document.write( "Show how you arrived at this answer. \n" ); document.write( "I used my TI-84 instruction: invNorm(0.01) = -2.3263 \n" ); document.write( "---- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "======== \n" ); document.write( " |