Critical value (z*) for a given confidence level
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Khan Academy
Critical value (z*) for a given confidence level
If we want to be 95% confident, we need to build a confidence interval that extends about 2 standard errors above and below our estimate. More precisely, it's actually 1.96 standard errors. This is called a critical value (z*). We can calculate a critical value z* for any given confidence level using normal distribution calculations.
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