When testing H₀: Median equals $12.40 and the alternate hypothesis: Median does not equal $12.40,what is the critical value of z at the 10% level of significance? A)±1.96 B)±1.65 C)±2.33 D)±0.10

Question

Quizplus · Accepted Answer

The critical value of z at the 10% level of significance (which is split into 5% in each tail for a two-tailed test, as suggested by the alternate hypothesis of "Median does not equal $12.40") is ±1.65.

When Testing H0: Median Equals $12

When Testing H₀: Median Equals $12