In: Statistics and Probability
Find the P- value for the hypothesis test with the standardized test statistic z. Decide whether to reject H0 for the level of significance α. Two- tailed test z = 1.95 α = 0.05
P value =0.0512................by using Z table or Excel =2*NORMSDIST(1-(1.95))
P value =2*P[Z>1.95]
=2*[1-0.9744]................by using Z table.
=0.0512
P value > 0.05
Therefore, we fail to reject H0 at