If the area probability is given as 098 isnt it not enough d
If the area (probability) is given as 0.98 isnt it not enough digits to know the z?
Cuz there is alot of 0.9803,0.9808?
How do i do this
Find z, such that P(Z z) = 0.98 P(Z z) = 0.02 Solution
If the area is given then it is sufficient to find z-value.
This we can done by using EXCEL.
P(Z < z) = 0.98
This is left tailed probability.
EXCEL syntax :
=NORMSINV(probability)
where probability = 0.98
z = 2.05
P(Z > z) = 0.98
EXCEL syntax :
=1-NORMSINV(probability) (EXCEL always gives left tailed probability)
z = -1.05
P(Z < z) = 0.02
z = -2.05
P(Z > z) = 0.02
z = 3.05
