For a two-tailed Z-test at a 0.01 level of significance; the table (critical) value -1.96 and 1.96 -1.645 and 1.645 -2.33 and 2.33 -2.575 and 2.575
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Second, a 0.01 level of significance means that we are willing to accept a 1% chance of making a Type I error, which is rejecting the null hypothesis when it is actually true. Now, let's look at the table values: -1.96 and 1.96: These are the critical values Show more…
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