
David H. answered 12/14/15
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Ph.D. Economics (Almost) / Math & Econ tutor
I believe the question is asking for a two tail critical value. At an 84% confidence level, we want the probability of not rejecting the null to be equal to a=100%-84%=16%. z scores refer to a normal distribution. Under a normal distribution, we want a/2%=8% in the higher and lower tail. In other words, the critical value closest to 0.92 will give you the two tail 84% confidence interval. Use this table to figure out the z score:
- http://faculty.csupueblo.edu/paul.Chacon/156Spr05/images/normal2.jpg
Wendy T.
12/15/15