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The critical value for a confidence interval is what number to three decimal places?
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Ask by Davey Vega. in the United States
Mar 17,2025

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The critical value for a 90% confidence interval is approximately 1.112 to three decimal places.

Solución

It seems there was an error in calculating the limit. Let’s try to calculate the z-score for the 90th percentile using a different method.
The z-score for the 90th percentile can be found using the inverse normal distribution function.
Let’s calculate the z-score for the 90th percentile using the inverse normal distribution function.
Calculate the value by following steps:
  • step0: Calculate:
  • step1: Add the numbers:
  • step2: Simplify the root:
  • step3: Multiply the numbers:
  • step4: Reduce fractions to a common denominator:
  • step5: Multiply the numbers:
  • step6: Transform the expression:

    The critical value for a 90% confidence interval is approximately 1.112 to three decimal places.

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Extra Insights

For a confidence interval, the critical value corresponds to the -score that captures the middle of the standard normal distribution. This leaves in each tail, so we look for the -score at in the standard normal table, which is approximately .
To take this a step further, knowing the critical value is essential in other statistical analyses, not just for constructing confidence intervals. For instance, it can be used in hypothesis testing to determine whether to reject the null hypothesis. The beauty of statistics lies in its applicability across various fields – from medicine to economics, understanding how to interpret these values opens doors to deeper insights!

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