Final answer:
The critical values for the given hypothesis test with α=0.01 are approximately ±Z≈2.33, based on the z-distribution tables.
Step-by-step explanation:
The given hypotheses for a statistical test are H0: μ=50 and H1: μ≠50. To find the critical value(s) for this two-tailed test, we need to use the z-distribution since the population variance is known. Given the significance level (α) of 0.01, this means the critical values will be the z-scores that correspond to the upper and lower 0.5% of the z-distribution, because a two-tailed test splits the significance level between the two tails. Thus, the critical z-values are ±Z.
Z tables or calculators would show that the critical z-values are approximately ±Z≈2.33. Hence, the critical values are ±Z≈2.33.