STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What critical value t* is used in constructing a 99% confidence interval based on n = 12 randomly selected observations.
|
|
3.106
|
|
|
3.055
|
|
|
2.58
|
|
|
1.96
|
Explanation:
Detailed explanation-1: -The significance level for the confidence level 0.99 is =0.01. = 0.01. Hence, the required critical value is-3.25.
There is 1 question to complete.