Find the critical value t* for the following situations.
a) a 98% confidence interval based on df=21
b) a 95% confidence interval based on df=5
Solution :
Given that,
a)
Degrees of freedom = df = 21
At 98% confidence level the t is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
t /2,df = t0.01,21 = 2.518
Critical value t* 2.518
b)
Degrees of freedom = df = 5
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,5 = 2.571
Critical value t* 2.571
Get Answers For Free
Most questions answered within 1 hours.