[Q] Which confidence level (e.g. 90% vs. 95%) and margin of error (1% vs. 9%) is most appropriate?
When to use a t value and when to use 1.645 for a 90% confidence interval? - Cross Validated
[Stats] How do you find the critical t value if the degrees of freedom isn't on the t-table?
[Q] What are the rules for using 90% confidence level?
How do I calculate a 90% confidence interval?
To count the 90% confidence interval:
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First, calculate the standard error (SE) and the margin of error (ME):
SE = σ/√n
ME = SE × Z(0.90)where σ is the standard deviation, n - sample size, Z(0.90) — z-score for 90% confidence interval.
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Then determine the confidence interval range, using ME and μ — the calculated average (mean):
upper bound = μ + ME
lower bound = μ - ME
How do you calculate a confidence interval?
What is the difference between a confidence interval and a confidence level?
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Is the decision to select CL 90% vs. 95% purely based on risk appetite and resource availability?
Or are there heuristics to help steer which CL or MoE value to choose?
I'm working on a quant survey. We want to speak to senior leaders within large companies across a number of specific industries. I've estimated how many companies sit within the segmentation. I'm now fiddling with the CL and MoE values but I would like to understand 'why' some might be more valid than others for this survey.
The question asks to find a critical t value, with 90% confidence interval and df=89. The previous question was pretty easy, as I could just find 98% confidence and df=20 on the t-table, but I haven't been able to find one with df=89. All of the software I have at my disposal wants me to input a list of data, but other than 90% confidence interval and df=89, there's literally no other numbers to input. I have a TI-89, and I've tried looking up how to find with a calculator, but all the results talk about ti-83 or 84. I don't really have any money to buy anything at all a new calculator. I saw one person in the past asked about stats stuff on a ti-89, but I don't have the calculator cable to download the program onto my calculator.
How do they figure what the critical t values are to put into the chart? Maybe if I knew that, I wouldn't have to rely on information that they chose not to include in the charts.
Thanks!