Question: In this exercise we will explore the link between the standard normal distribution, Z ~ N(mean=0, variance=1), and the Student's t distribution, X ~ Student's

In this exercise we will explore the link between the standard normal distribution, Z ~ N(mean=0, variance=1), and the Student's t distribution, X ~ Student's t(d.o.f.=n-1). Calculate the following using the Excel function =NORM.INV or =T.INV as appropriate.Calculate the values 0! X, where X ~ Students t(d.o.f.=n1). for which 0.5% of the data lies in the tower tail and 0.5% lies in the upper tail. and where n=t 00 such that X ~ Students t(d.c.f.=99). (answer in absolute value and to 2 decimal pieces)

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