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Find the critical value z/α2 needed to construct a confidence interval with level 99.7% .Round the...

Find the critical value z/α2 needed to construct a confidence interval with level 99.7%

.Round the answer to two decimal places.

The critical value for the 99.7%confidence level is __?

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Answer #1

since 99.7% middle values are between 0.0015 and 0.9985 proportion:

The critical value for the 99.7%confidence level is from excel function : normsinv(0.9985) = 2.97

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