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21 December, 01:49

Find the critical value zα/2 that corresponds to a 93% confidence level.

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  1. 21 December, 02:05
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    The critical value is used to compute the margin of error. (Margin of error = Critical value x Standard deviation of the statistic or Margin of error = Critical value x Standard error of the statistic).

    If the statistic has normal sampling distribution, then the t he critical value can be expressed as a t score or as a z score.

    α = 1 - (confidence level / 100)

    α = 1 - (93 / 100) = 1-0.93=0.07

    The critical probability is: pc = 1 - α/2 pc=1-0.035=0.965

    The critical value is 1.81.
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