Answer:
The P-value is 0.04093 and critical value is −2.33.
Step-by-step explanation:
Given information:
Significance level, α=0.01
Test statistic of z = -1.74
Testing claim is p<0.6.
Null hypothesis :[tex]H_0:p=0.6[/tex]
Alternative hypothesis :[tex]H_1:p<0.6[/tex]
It means it is a left tailed test.
The P-value for a left-tailed test, for a significance level of α=0.01 is 0.04093.
The z-critical value for a left-tailed test, for a significance level of α=0.01 is −2.33.
Therefore the P-value is 0.04093 and critical value is −2.33.
