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Find the indicated critical value. z 0.03

Sagot :

The indicated critical value for significance level of 0.03 should be approximately 1.88.

In standard normal distribution, the critical value is the mark or point that seperates region of acceptance and rejection. In one-tailed test having significance level of 0.03, it will indicate the probability of getting a value that will be more than or equal to 0.03.

The calculation of critical value can be done in many ways. Either look through the standard table or use calculator for the same. The latter is done by using inverse function on standard normal cumulative distribution function. It should be around 1.88.

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