Find the critical value
z Subscript alpha divided by 2zα/2
that corresponds to the confidence level
99%.
z Subscript alpha divided by 2zα/2equals=
to two decimal places as needed.)
SOLUTION:
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 =
0.01
/ 2 = 0.01 / 2 = 0.005
Z
/2
= Z0.005 = 2.58 ( Using z table )
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