Final Answer:
a) The confidence level that gives Zₐ/₂ equal to 2.05 is approximately 95.53%.
b) The confidence level that gives Zₐ/₂ equal to 2.37 is approximately 97.72%.
c) The confidence level that gives Zₙ/₂ equal to 1.13 is approximately 87.81%.
Step-by-step explanation:
In statistics, the Z-score is a measure of how many standard deviations a particular data point is from the mean of a normal distribution. The formula for calculating the confidence level (CL) given a Z-score (Z) is CL = 1 - α, where α is the significance level. The Zₐ/₂ value corresponds to the critical Z-score for a two-tailed test with a significance level of α/2.
a) For Zₐ/₂ equal to 2.05, we find the corresponding confidence level using the formula CL = 1 - α. Solving for α/2 gives us α/2 = 0.025. Therefore, the confidence level is 1 - 0.025 - 0.975 or approximately 97.5%, and rounding to two decimal places, the answer is 95.53%.
b) Similarly, for Zₐ/₂ equal to 2.37, we find α/2 = 0.0185. The confidence level is then 1 - 0.0185 - 0.9815 or approximately 98.15%, rounded to two decimal places, resulting in a confidence level of 97.72%.
c) In the case of Zₙ/₂ equal to 1.13, we use the same formula to find α/2. Solving for α/2, we get α/2 = 0.1292. The confidence level is then 1 - 0.1292 - 0.8708 or approximately 87.08%, rounded to two decimal places, resulting in a confidence level of 87.81%.