A one-sample Z-test with a 2-tailed alternative hypothesis was carried out.A z-statistic of 2.35 has been calculated for the sample mean.Find the P-value, correct to three decimal places.
Question
A one-sample Z-test with a 2-tailed alternative hypothesis was carried out.A z-statistic of 2.35 has been calculated for the sample mean.Find the P-value, correct to three decimal places.
Solution
To find the P-value for a one-sample Z-test with a 2-tailed alternative hypothesis and a z-statistic of 2.35, follow these steps:
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Understand the Z-statistic: The Z-statistic is 2.35. This value represents the number of standard deviations the sample mean is away from the population mean under the null hypothesis.
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Determine the P-value for a 2-tailed test: For a 2-tailed test, you need to find the probability that the Z-statistic is at least as extreme as 2.35 in either direction (both positive and negative).
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Use the standard normal distribution table: Look up the Z-statistic of 2.35 in the standard normal distribution table (or use a calculator or software that provides the cumulative distribution function for the standard normal distribution).
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Find the cumulative probability: The cumulative probability for a Z-statistic of 2.35 is approximately 0.9906. This represents the probability that a value is less than 2.35.
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Calculate the tail probability: Since the test is 2-tailed, you need to consider both tails. The probability in one tail is 1 - 0.9906 = 0.0094.
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Double the tail probability: For a 2-tailed test, you double the tail probability to account for both tails. So, the P-value is 2 * 0.0094 = 0.0188.
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Round to three decimal places: The P-value rounded to three decimal places is 0.019.
Therefore, the P-value is 0.019.
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