Problem

Find the critical value(s) for a left-tailed $z$-test with $\alpha=0.02$. Include a graph with your answer. The critical value(s) is(are) (Round to two decimal placearas needed. Use a comma to separate answers as needed.)

Solution

Step 1 :Given that the significance level, \(\alpha\), is 0.02 for a left-tailed z-test.

Step 2 :We need to find the critical value, which is the z-score below which we find a total probability of 0.02.

Step 3 :We can find this value using the percent point function (ppf), which is the inverse of the cumulative distribution function (cdf). The ppf gives the value of the variable for a given percentile.

Step 4 :By calculating, we find that the critical value is approximately -2.053748910631823.

Step 5 :Rounding to two decimal places, the critical value is -2.05.

Step 6 :Final Answer: The critical value for a left-tailed z-test with \(\alpha=0.02\) is approximately \(\boxed{-2.05}\).

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Source: https://solvelyapp.com/problems/19147/

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