$100(1-\alpha)$% confidence interval

85 Views Asked by At

$100(1-\alpha)$% confidence interval for population mean $\bar Y$ $$\bar y\pm Z_{\frac{\alpha}{2}}\sqrt{\mathbb v(\bar y)}$$

  • Why is this $Z$ value depending on $\alpha$ important for constructing confidence interval?

  • Isn't our target to minimize the standard error? Then, why do i need to concern about $\alpha$ ?