In the standard normal distribution, z0.05 = 1.645 means that there is a 5% chance that the standard normal random variable Z assumes a value above 1.645.

Name: In the standard normal distribution, z0.05 = 1.645 means that there is a 5% chance that the standard normal random variable Z assumes a value above 1.645.
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This is the definition of the z-score and its associated probability in the standard normal distribution.

In the Standard Normal Distribution, Z0