In: Statistics and Probability
Provide an original example where you perform a hypothesis test using the one-mean z-test. Provide within this part the following items: State the null hypothesis. State the alternative hypothesis test. State the chosen alpha level of significance. Use the critical value approach to determine whether to reject or fail to reject the null hypothesis. Use the p-value approach to determine whether to reject or fail to reject the null hypothesis. Discuss how a Type I or Type II error could occur within the context of this example.
The test statistic is calculated using the
formula mentioned. The critical value and p value is obtained from
STATKEY (images attached for reference). The Type I and Type II
error in context with the problem is provided.