Answer:
Fail to reject H0 because the P-value 0.0446 is greater than the significance level 0.03.
Explanation:
Test statistic (z) = 1.70
Alpha (significance level) =
0.03
Decision rule:
Reject H0 if the P-value is less than or equal to the significance level.
Fail to reject H0 if the P-value is greater than the significance level.
The test statistic is 1.70. The cumulative area of the test statistic is obtained from the normal distribution table by taking the value of 1.7 under 0.00 column. The cumulative area is 0.9554
P-value = 1 - 0.9554 = 0.0446
Conclusion:
Fail to reject H0 because the P-value 0.0446 is greater than the significance level 0.03