If you use a 0.05 level of significance in a two-tail hypothesis test, what decision will you make if Z stat =-0.76?
Accepted Solution
A:
If we use a 0.05 level of significance in a two-tail hypothesis test, the critical values for the test will be -1.96 and 1.96. Since Z stat = -0.76 falls between these critical values, we fail to reject the null hypothesis. In other words, we do not have enough evidence to conclude that the alternative hypothesis is true.