Finding an equation in point slope form of the lines through point P(2,0) that are a) parallel to, and b) perpendicular to the l
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Answer: The null and the alternative hypotheses are given below:
Under null hypothesis, the test statistic is:
Now we have to find the left tailed critical value at 0.01 significance level using the standard normal table.
The critical value is:
Since the test statistic is -0.26 lies in acceptance region because the critical region is beyond -2.33, therefore, we fail to reject the null hypothesis.