SOLUTION: 1. Find the critical value zc necessary to form a confidence interval at 97% level of confidence

Algebra ->  Probability-and-statistics -> SOLUTION: 1. Find the critical value zc necessary to form a confidence interval at 97% level of confidence      Log On


   



Question 273038: 1. Find the critical value zc necessary to form a confidence interval at 97% level of confidence
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Find the critical value zc necessary to form a confidence interval at 97% level of confidence
---------------
97% confidence has two tails with 1.5% in each
----
zc = +-invNorm(0.015) = +-2.1701
===================================
Cheers,
Stan H.