question archive Tell me the P-value of 2
Subject:StatisticsPrice: Bought3
Tell me the P-value of 2.647 and end with the same result below in steps please?
The null hypothesis H0 μ = 24
the alternative hypothesis is μ>24
the sample standard deviation = population std/sqrt(n) = 4.3/sqrt(40) = 0.6799
The standardized test statistic
Z = (25.8-24.0)0.6799 = 2.647
at α = 0.01 the critical value of the one side test is 2.32
since 2.647>2,32, so we reject the null hypothesis, and accept alternative hypothesis μ>24.
Tell me the P-value of 2.647 and end with the same result above?