Find the Pvalue associated with each given z statistic value
Find the P-value associated with each given z statistic value for testing Ho: mean=30 versus Ha: mean not equal to 30.
a. 2.10 b. -1.75 c. -.55 d. 1.41 e. -5.3
Solution
For calculating p value use NORMSDIST fucntion in excel and multiply the answer by 2, since it is two tailed test.
a) p value is 0.0357.
b) 0.0811
c) 0.5823
d) 0.1585
e) 0
