FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following values below represents the critical value for a 98% confidence interval?
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2.326
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2.054
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1.645
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3.091
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Explanation:
Detailed explanation-1: -the R output showing the z* multipliers for 90, 95, 98, and 99% confidence intervals respectively being 1.645, 1.960, 2.326, and 2.576.
Detailed explanation-2: -Expert Answer The 96% confidence level’s important value. To determine the crucial value a/2, which is 1.028, we divide this amount by two (rounded to two decimal places). Hence, 1.028 is the critical value of a/2 required to create a 96% confidence interval.
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