In: Statistics and Probability
Right-tailed test
z = 0.52
α = 0.06
The value of the standardized test statistic z = 0.52 and test is right tailed test
The level of significance is = 0.06
We find P-value of above standardized test statistic z = 0.52 using following Excel function
=1 - NORMSDIST(z)
Here, z = 0.52
=1 - NORMSDIST(0.52) then press Enter we get P-value is as below
P-value = 0.301532 (Round up to 2 decimal places)
P-value = 0.30
We comparing the above P-value with given and take decision about whether to reject or do not reject Ho using following condition.
1) P-value then we reject Ho
2) P-value then we do not reject Ho
We comparing the values we calculate as above and the given level of significance is = 0.06
P-value = 0.30 = 0.06
We do not reject Ho at given level of significance is = 0.06