Using the Standard Normal Curve, the Z-Score Representing the 95th

question 104

True/False

Using the standard normal curve, the z-score representing the 95th percentile is 1.645.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Margin Error

The amount of error that one can expect in an estimate, often expressed as a plus-or-minus figure and used in statistical analysis to indicate confidence in results.

Confidence Level

The probability percentage that specifies how reliable a confidence interval is in statistical analysis.

Normal Distribution

A symmetric probability distribution characterized by a bell-shaped curve, where the mean, median, and mode of the distribution are equal.