Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The general form for a confidence interval is: Sample Statistic z * . SE where - z * & z * are the values on

The general form for a confidence interval is:

Sample Statistic z*. SE

where -z* &z* are the values on aStandard Normal Distribution, N(0,1) that the Confidence Level % lies between. An example for a 95% confidence interval can be seen in the picture below. Here we can see the-z*&z*on the horizontal axis, -1.960 and 1.960. Consider how this relates back to our 95% rule that says approximately 95% of the normal distribution is between 2 standard deviations either side of the mean.

123123z

0.025

-1.96

0.025

1.96

What are the z and zvalues for an 80% confidence interval

1.645

2.054

1.44

2.327

1.282

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Statistics In Business And Economics

Authors: David Doane, Lori Seward

4th Edition

73521485, 978-0073521480

Students also viewed these Mathematics questions