Which of the Following Critical Values Is Appropriate for A 98

question 14

Multiple Choice

Which of the following critical values is appropriate for a $98 \%$ confidence level where $n = 7$ ; $\sigma = 27$ and the population appears to be normally distributed.

• A) \(z _ { \alpha / 2 } = 2.33\)
• B) \(z _ { \alpha / 2 } = 2.05\)
• C) \(t _ { \alpha / 2 } = 1.96\)
• D) \(t _ { \alpha / 2 } = 2.575\)

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Definitions:

Nonprobate

Refers to assets or property that will pass to survivors by means other than a will, such as through trust or designated beneficiary.

Ambulatory

A term pertaining to the ability of a will to be changed by a testator.

Bequest

The act of giving property or money to someone else after one's death through a will.

Devise

In law, a gift of real property by will.