Z Critical Values
1. The problem asks to find the critical values $Z_{0.01}$, $Z_{0.05}$, $Z_{0.005}$, and $Z_{0.025}$ from the standard normal distribution.
2. These values correspond to the z-scores where the area to the right under the standard normal curve is equal to the given probabilities: 0.01, 0.05, 0.005, and 0.025 respectively.
3. The formula to find $Z_p$ is to find the z-score such that $P(Z > Z_p) = p$ where $Z$ is a standard normal variable.
4. Using standard normal distribution tables or a calculator, we find:
- $Z_{0.01}$ is the z-score with 1% in the right tail, which is approximately $2.33$.
- $Z_{0.05}$ is the z-score with 5% in the right tail, approximately $1.645$.
- $Z_{0.005}$ is the z-score with 0.5% in the right tail, approximately $2.575$.
- $Z_{0.025}$ is the z-score with 2.5% in the right tail, approximately $1.96$.
5. These values are commonly used in hypothesis testing and confidence intervals.
Final answers:
$$Z_{0.01} = 2.33$$
$$Z_{0.05} = 1.645$$
$$Z_{0.005} = 2.575$$
$$Z_{0.025} = 1.96$$