Determine the P-Value Associated with Each of the Following Values $\alpha$

question 44

Essay

Determine the p-value associated with each of the following values of the standardized test statistic z, and state your conclusion.
a.
two-tail test, with z = 1.50, and $\alpha$ = .10
b.
one-tail test, with z = 1.05, and $\alpha$ = .05
c.
one-tail test, with z = -2.40, and $\alpha$ = .01

---

Definitions:

Lead Time

The duration between the initiation and completion of a production process or the time from ordering to delivery of a product.

Setup Cost

Expenses incurred to prepare or configure a process, machine, or system for production or operation.

Setup Time

The time required to prepare equipment, machines, or systems for a manufacturing process or production run.

Daily Production

The total amount of output produced by a company or industry in a single day, often measured to assess operational efficiency.