Answer:
a) ![p_v =P(Z>2.05)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E2.05%29%3D1-P%28z%3C2.05%29%3D1-0.980%3D0.0202)
b) ![p_v =P(Z>-1.84)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E-1.84%29%3D1-P%28z%3C-1.84%29%3D1-0.0330%3D0.967)
c) ![p_v =P(Z>0.4)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E0.4%29%3D1-P%28z%3C0.4%29%3D1-0.655%3D0.345)
Step-by-step explanation:
Some previous concepts
The p-value is the probability of obtaining the observed results of a test, assuming that the null hypothesis is correct.
A z-test for one mean "is a hypothesis test that attempts to make a claim about the population mean(μ)".
The null hypothesis attempts "to show that no variation exists between variables or that a single variable is no different than its mean"
The alternative hypothesis "is the hypothesis used in hypothesis testing that is contrary to the null hypothesis"
Hypothesis
Null hypothesis: ![\mu=10](https://tex.z-dn.net/?f=%5Cmu%3D10)
Alternative hypothesis: ![\mu >10](https://tex.z-dn.net/?f=%5Cmu%20%3E10)
If the random variable is distributed like this: ![X \sim N(\mu,\sigma)](https://tex.z-dn.net/?f=X%20%5Csim%20N%28%5Cmu%2C%5Csigma%29)
We assume that the variance is known so the correct test to apply here is the z test to compare means, the statistic is given by the following formula:
![z_o=\frac{\bar X -\mu}{\sigma}](https://tex.z-dn.net/?f=z_o%3D%5Cfrac%7B%5Cbar%20X%20-%5Cmu%7D%7B%5Csigma%7D)
Since we have the values for the statistic already calculated we can calculate the p value using the following formulas:
Part a
![p_v =P(Z>2.05)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E2.05%29%3D1-P%28z%3C2.05%29%3D1-0.980%3D0.0202)
And in order to find the answer using excel we can use the following code:
"=1-NORM.DIST(2.05,0,1,TRUE)"
Part b
![p_v =P(Z>-1.84)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E-1.84%29%3D1-P%28z%3C-1.84%29%3D1-0.0330%3D0.967)
And in order to find the answer using excel we can use the following code:
"=1-NORM.DIST(-1.84,0,1,TRUE)"
Part c
![p_v =P(Z>0.4)=1-P(z](https://tex.z-dn.net/?f=p_v%20%3DP%28Z%3E0.4%29%3D1-P%28z%3C0.4%29%3D1-0.655%3D0.345)
And in order to find the answer using excel we can use the following code:
"=1-NORM.DIST(0.4,0,1,TRUE)"
Conclusions
If we use a reference value for the significance, let's say
. For part a the
so then we can reject the null hypothesis at this significance level.
For part b the
so then we FAIL to reject the null hypothesis at this significance level.
For part c the
so again we FAIL to reject the null hypothesis at this significance level.