If you want to construct a 90% confidence interval, what critical value (z*) should you use? Group of answer choices 2.576 1.960 1.645 2.221

Respuesta :

Answer:

For this case we know that the confidence level is 90% so then the significance level is [tex]\alpha=1-0.9 =0.1[/tex] and [tex]\alpha/2 =0.05[/tex]. And we can find in the normal standard distribution a value who accumulates 0.5 of the area on each tail and we got:

[tex] z_{\alpha/2}= \pm 1.645[/tex]

And the best option would be:

1.645

Step-by-step explanation:

We assume that the parameter of interest is [tex]\theta[/tex] and we can assume that the distribution for this parameter is normally distributed so then the confidence interval assuming a two sided interval is given by:

[tex]\hat \theta \pm z_{\alpha/2} SE[/tex]

Where [tex]\hat \theta[/tex] represent the estimator for the parameter, SE the standard error and [tex]z_{\alpha/2}[/tex] the critical value.

For this case we know that the confidence level is 90% so then the significance level is [tex]\alpha=1-0.9 =0.1[/tex] and [tex]\alpha/2 =0.05[/tex]. And we can find in the normal standard distribution a value who accumulates 0.5 of the area on each tail and we got:

[tex] z_{\alpha/2}= \pm 1.645[/tex]

And the best option would be:

1.645