The table shows the cost of a watermelon on the 4th of July and the day after. What was the percent of change of the price of a
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Answer:
Critical value is -1.98.
Step-by-step explanation:
Given:
The value of alpha is,
Now, in order to find the critical value, we need to subtract alpha from 1 and then look at the z-score table to find the respective 'z' value for the above result.
The probability of critical value is given as:
So, from the z-score table, the value of z-score for probability 0.976 is 1.98.
Now, in a left tailed test, we multiply the z value by negative 1 to arrive at the final answer. We do so because the area to the left of mean in a normal distribution curve is negative.
So, the z-score for critical value 0.024 in a left tailed test is -1.98.