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Critical Values. In Exercises 41鈥44, find the indicated critical value. Round results to two decimal places.

z0.02

Short Answer

Expert verified

The critical value for z0.02is 2.05.

Step by step solution

01

Given information

The critical value isz0.02.

02

Define the critical value 

The critical value zat a particular value of denotes that is the area to the right of zon the standard normal curve.

Thus,

Pz>z=

In this case of =0.02, PZ>z0.02=0.02.

The notation of critical valuez0.02 is used to represent the z-score with an area of 0.02 to its right.

03

Find the critical value z0.02

Due to the one-to-one correspondence between the area and probability under the standard normal curve,

PZ>z0.02=0.021-PZ<z0.02=0.02PZ<z0.02=0.98

In the standard normal table, the value closest to 0.98 is 0.9798, and the corresponding row value 2.0 and the column value 0.05 correspond to the z-score of 2.05, which is the critical value z0.02.

The value of z0.02=2.05has an area of 0.02 to its right. So, z0.02=2.05corresponds to a cumulative left area of 0.98.

Thus, the critical value is z0.02=2.05.

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