Find the Critical Value $z _ { \alpha / 2 }$

question 22

Multiple Choice

Find the critical value $z _ { \alpha / 2 }$ that corresponds to a 91% confidence level.

• A) 1.75
• B) 1.645
• C) 1.34
• D) 1.70

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Definitions:

Loan Amount

The total sum of money borrowed from a lender that is expected to be repaid with interest.

Interest Rate

This is a fee, calculated as a percentage, that lenders charge borrowers for the use of their money or that borrowers earn on deposits.

Interest Payments

Payments made to lenders as compensation for the use of borrowed money, typically calculated as a percentage of the principal amount.

Interest Rates

The cost of borrowing money or the return on investment capital, expressed as a percentage of the money borrowed or invested.