The value obtained for the test statistic, z, in a one mean z-test is given. Whether the test is two-tailed, left tailed, right tailed is also specified. For parts (a) and (b), determine:
a) the test statistic in a two tailed test is z= -0.88.
The p-value is : _?
At the 1% significance level, the data _____ sufficient evidence to reject the null hypothesis in favor of the alternative hypothesis because the obtained p-value is _______ the significance level.
b) The test statistic in a two tailed test is z=0.26.
The p-value is : _?
At the 1% significance level, the data _______ sufficient evidence to reject the null hypothesis in favor of the alternative hypothesis because the obtained p-value is _____ the significance level.
Please show all possible work for these as I am having the most difficult time with understanding what a motherlovingdovehoarding p-value is, I just don’t get it... Thanks in advance!
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