Hypothesis test with hypotheses H0 : μ = 24 and H1 : μ ≠ 24, random sample of 37 elements made at the 1% significance level collected from the population produced a mean of 24.7. Assume σ = 3.5.
What are the critical values of z?
-2.58 and 2.58
What is the value of the test statistic, z, rounded to three decimal places?
1.217
What is the p-value for this hypothesis test, rounded to four decimal places?
0.0100
Should you reject or fail to reject the null hypothesis in this test?
Fail to reject.