Assume that the significance level is α=0.05. Use the given information to find the P-value and the critical value(s).With H1: p≠23, the test statistic is z=−1.79.
a. P-value=.____
b. The critical value(s) is/are _____.
It is given that alternative hypothesis is two-tailed.That is :H1: p≠23
Given test statistic is: z= -1.79
Now,The p- value can be calculated as:
2P(Z > |z|)=2P(Z > |-1.79|)
=2*[1-P(z<1.79)]
=2*[1-0.9633] [ From Standard normal Z table P(z<1.79)=0.9633]
=0.0734
Thus,P-value =0.0734
Since,Given level of significance =α=0.05
Thus,The critical value can be calculated using the Excel command as:=NORMINV(1-0.05/2,0,1)
The critical value = 1.96
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