Assume that the significance level is \alpha =0.01. Use the given statement and find the P-value...
Question:
P-value
P-value is that value which is just necessary to reject the null hypothesis. The p-value is used as an alternative to rejection points to provide the smallest level of significance at which the null hypothesis would be rejected.
Answer and Explanation: 1
To test {eq}H_{1}:p=1/3 {/eq}
Given {eq}\alpha=0.01,Z=-1.04 {/eq}
At {eq}\alpha {/eq} level of significance, we reject H0 when p-value{eq}\leq \alpha {/eq}
For one tailed test p-value is 0.1492, so p-value is greater than 0.01, therefore we do not reject the null hypothesis.
For two tailed test p-value is 0.2983, p-value is greater than 0.01, therefore, we do not reject the null hypothesis
Learn more about this topic:
from
Chapter 6 / Lesson 9Definition of p-value and its comparison with alpha level. Learn how to find p-value using the p-value formula and a few commands to find p-value in excel.