A business analyst is attempting to understand visually the meaning of the critical test statistic and the
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A business analyst is attempting to understand visually the meaning of the critical test statistic and the p-value. For a z value of 2.5 and significance level of 5% provide a sketch of the normal probabilty distribution and use the sketch to illustrate the location of the following statistics: test statistic, critical test statistic, significance value, and p-value (you do not need to calculate the values of zcri or the p-value).
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Test statistic z 25 Critical test statistic zcrit 196 for a significance level of 5 Significance val...View the full answer
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