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Determine the Level of significance
5. Based on information in the scenario, what is the level of significance to be used?
Answer: 0.01 with one-sided.
Step 2: Select the appropriate test statistic
6. The appropriate test statistic for the above scenario is the one-sample z test. What values are compared in a one-sample z test?
Answer: 2.3263 (or -2.3263) because it is a one-sided test....
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