MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The Chancellor wants you to calculate the
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Step 1
Since we know population standard deviation, use z-distribution to find z-critical value.
Find z-critical value:
For the two-tail test, Area on each tail.
Area to the left of the normal curve = 1-0.005 = 0.995
Refer Standard normal table/Z-table, Lookup for z-score corresponding to area 0.995 to the left of the normal curve
OR
Use excel formula "=NORM.S.INV(0.995)" to find the z-score.
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