Question
In: Economics
If you use a 0.05 level of significance in a two-tail hypothesis test, what decision will...
If you use a 0.05 level of significance in a two-tail hypothesis test, what decision will you make if ZSTAT=+1.55?
Solutions
Expert Solution
To find the 
, A z-score table is used.
This Z table below shows area to the left of A Z-value (Total area is 1)
we know that area to the right of
is 0.025.
This means that area to the left of
should be 1-0.025 = 0.975
We look for 0.975 in the table and find our concerned Z value which is 1.96
Rahul Sunny answered 1 year agoRelated Solutions
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What is the decision at a 0.05 level of significance for each of the following tests?...
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