Find the Pvalue for the indicated hypothesis test with the g

Find the P-value for the indicated hypothesis test with the given standardized test statistic, z. Decide whether to reject H 0 for the given level of significance . Two-tailed test with test statistic z=negative -1.54 and a=0.03

P=?

(Round to four decimal places as needed.)

Solution

The left tailed area of z = -1.54, using table/technology, is

P(z<=-1.54) = 0.0618

Thus, the two tailed area (by multiplying this by 2)

P value = 0.1236 [ANSWER]

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As P > 0.03, we DO NOT REJECT THE NULL HYPOTHESIS.