Math  /  Data & Statistics

QuestionFind the critical value zCz_{C} necessary to form a confidence interval at the level of confidence shown below. c=0.94zc=\begin{array}{r} \mathrm{c}=0.94 \\ \mathrm{z}_{\mathrm{c}}=\square \end{array} \square (Round to two decimal places as needed.)

Studdy Solution

STEP 1

1. The confidence level c=0.94 c = 0.94 .
2. The critical value zc z_{c} is based on the standard normal distribution.
3. The critical value zc z_{c} corresponds to the tails of the distribution that are not covered by the confidence level.

STEP 2

1. Determine the area in each tail of the standard normal distribution.
2. Find the critical value zc z_{c} using the standard normal distribution table or a calculator.

STEP 3

Calculate the total area in both tails of the distribution. Since the confidence level c=0.94 c = 0.94 , the area not covered by the confidence interval is:
1c=10.94=0.06 1 - c = 1 - 0.94 = 0.06

STEP 4

Divide the area equally between the two tails:
0.062=0.03 \frac{0.06}{2} = 0.03
Each tail has an area of 0.03 0.03 .

STEP 5

Find the critical value zc z_{c} such that the cumulative area to the left is 10.03=0.97 1 - 0.03 = 0.97 .
Using a standard normal distribution table or calculator, find z z such that:
P(Z<z)=0.97 P(Z < z) = 0.97

STEP 6

The critical value zc z_{c} corresponding to a cumulative probability of 0.97 0.97 is approximately:
zc1.88 z_{c} \approx 1.88
(Rounded to two decimal places)
The critical value is:
1.88 \boxed{1.88}

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