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You have an SRS of 23observations from a large population. The distribution of sample values is roughly symmetric with no outliers. What critical value would you use to obtain a 98%confidence interval for the mean of the population?

a. 2.177

b. 2.183

c. 2.326

d. 2.500

e. 2.508

Short Answer

Expert verified

Option (e) is correct.

Step by step solution

01

Given Information

Confidence level is98%andn=23

02

Calculation

Level of significance is α=1-0.98=0.02

Degree is freedom is calculated as df=n-1=23-1=22

At 2%level of significance, critical value is tα/2,df=t0.02/2,22

=2.508

Option (e) is correct.

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