In this example we would have to collect some pertinent data in order to produce the total result of this situation. with the employment rate going from 10.5% to 10.4% what we would have to do in order to know rather the null is true or not is figure out how significant the drop in unemployment is. The way we can find out how significant would be through ha z-test. This would let us know how significant the drop in the unemployment rate is. below is the formula that would be correct for this situation.

H0: 10.5

H1: > 10.5

discuss whether you agree or disagree with their assessments, justify your response, and state which other specific hypothesis tests could be used to test the significance of the drop (three different types of tests could be used to address this question). Explain some ethical considerations when dealing with hypothesis testing. Use reference source(s) to support your response.