◆ THE BLUEPRINT
What is a Critical Value?
The critical value is the number of standard errors from the center of the sampling distribution needed to capture the desired confidence level. It is the multiplier \(M\) in the formula:
Why \(\alpha/2\)?
A two-sided confidence interval splits the remaining probability equally between two tails. If the confidence level is 95%, then 5% total is outside the interval: 2.5% in each tail. The R functions use \(1 - \alpha/2\) as the quantile.
Z vs. t
Use \(z^*\) for proportions, where the SE formula does not involve \(\sigma\). Use \(t^*\) when estimating a mean with an unknown \(\sigma\). The t-distribution has heavier tails, so \(t^*\) is always larger than \(z^*\) for the same confidence level.
When does t approach z?
As degrees of freedom increase, the t-distribution approaches the standard normal. By df = 30, the difference is small. By df = 120, they are nearly identical. The common Z critical values (1.645, 1.960, 2.576) are the limits as df approaches infinity.