Let 'c' represent the area under a t-distribution curve with eight degrees of freedom that lies between two values -tx and tx. Find the value of LaTeX: t_x t x that is associated to the following values of 'c'. (Round to 2 decimal places)
a) c = 0.95, tx=
b) c = 0.97, t x =
c) c = 0.99, t x =
d) c = 0.995, t x =
Solution :
Given that,
sample size = n = 8
Degrees of freedom = df = n - 1 = 8 - 1 = 7
a) At 95% confidence level
= 1 - 95%
= 1 - 0.95 =0.05
/2
= 0.025
t
/2,df
= 2.365
b) At 97% confidence level
= 1 - 97%
= 1 - 0.97 = 0.03
/2
= 0.015
t
/2,df
= 2.715
c) At 99% confidence level
= 1 - 99%
=1 - 0.99 =0.01
/2
= 0.005
t
/2,df
= 3.499
d) At 99.5% confidence level
= 1 - 99.5%
=1 - 0.995 = 0.005
/2
= 0.0025
t
/2,df
= 4.029
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