For 1250 what is the test statistic pvalue decison and concl

For 12.50, what is the test statistic, p-value, decison and conclusion? Also, how do you write out one sentance interpretation of both the Z test statistic and p-value?

Solution

If Z test statistic < Z critical value, accept the null hypothesis otherwise reject the null hypothesis

If p-value > level of signicance value (in general 0.05), accept the null hypothesis otherwise reject the null hypothesis