The value of z-critical is:3 pointsa. 1.96b. 2.33c. 1.65d. 0.475 The decision rule is to : *2 pointsa. Reject HO if Z-statistic is greaterthan Z-critical .b. Reject HO if Z-statistic is less thanZ-critical.c. Fail to reject H0 if Z-statistics isgreater than Z-critical.O d. None of the above.

The critical value refers to the point on the test probability distribution which is compared to the…

Answered: The value of z-critical is: а. 1.96 b.…

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The value of z-critical is: а. 1.96 b. 2.33 c. 1.65

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The value of z-critical is:
3 points
a. 1.96
b. 2.33
c. 1.65
d. 0.475

The decision rule is to : *
2 points
a. Reject HO if Z-statistic is greater
than Z-critical .
b. Reject HO if Z-statistic is less than
Z-critical.
c. Fail to reject H0 if Z-statistics is
greater than Z-critical.
O d. None of the above.

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