For a One-Tailed Hypothesis Test,the Critical Z-Value of the Test

question 69

Multiple Choice

For a one-tailed hypothesis test,the critical z-value of the test statistic is −2.33. Which of the following is true about the hypothesis test?

• A)α = 0.05 for a lower-tailed test
• B)α = 0.01 for a lower-tailed test
• C)α = 0.05 for an upper-tailed test
• D)α = 0.01 for an upper-tailed test

---

Definitions:

Dynamic Pricing

A pricing strategy that allows businesses to adjust prices in real-time based on market demand, competition, and other factors.

Business District

A section of a city where the majority of office buildings, businesses, and commercial activities are concentrated.

Weekend

The part of the week typically dedicated to rest or leisure activities, often Saturday and Sunday for many societies.

Price Elasticity

Measures the responsiveness of demand for a product or service to changes in its price.