Checking Out Statistical Confidence Interval Critical Values
Part of the Statistics For Dummies Cheat Sheet
Critical values (z*-values) are an important component of confidence intervals (the statistical technique for estimating population parameters). The z*-value, which appears in the margin of error formula, measures the number of standard errors to be added and subtracted in order to achieve your desired confidence level (the percentage confidence you want). The following table shows common confidence levels and their corresponding z*-values.
|Confidence Level||z*- value|