For a onetailed test the pvalue 07405 what is the statistic
For a one-tailed test the p-value = 0.7405, what is the statistical decision if the null hypothesis is tested at the 0.03 level of significance? do you reject Ho?
Solution
Since p-value (0.7405) of the test is greater than level of significance (0.03) so we fail to reject the null hypothesis at 0.03 level of significance. That is we do not reject null hypothesis.
