Find the value of t for at distribution with 40 degrees of freedom such that the area between-1 and equals 99 %. Round your answer to three decimal places, if nescarry

The value is .

Step-by-step explanation:

In this question, we have to find the critical value for the t-distribution, with 40 degrees of freedom, and a 99% confidence level.

99% confidence level:

We have to find a value of T, which is found looking at the t table, with 40 degrees of freedom(y-axis) and a two-tailed value of . So we have T = 2.705.

The value is .

$9.89

step-by-step explanation:

9.90 = p x .06 x .25 (3/12 changed to a decimal)

9.90 = p x 0.015

9.90 - 0.015 = p

9.89 = p