What is 'z' for an 88% confidence interval?
1 Answer
From software:
From table lookup:
Explanation:
If we seek an 88% confidence interval, that means we only want a 12% chance that our interval does not contain the true value. Assuming a two-sided test, that means we want a 6% chance attributed to each tail of the
This
Find the closest value in the table to 0.9400 as you can, then see what its row and column is. From observation, we see that 0.9394 and 0.9406 are in the table with
Note: We could also get an answer from software like R, by typing the command