Answer:
The p-value of the test is 0.1416.
The null hypothesis was not rejected concluding that μ = 100.
Step-by-step explanation:
The hypothesis is defined as:
H₀: μ = 100 vs. Hₐ: μ ≠ 100
The test is a two-tailed test.
The test statistic value is z = 1.47.
The significance level of the test is α = 0.10.
The p-value is computed as follows:
[tex]p-value=2\times P(Z<-1.47)=2\times0.0708=0.1416[/tex]
Decision rule:
If the p-value of the test is less than the significance level 0.10, then the null hypothesis is rejected and vice-versa.
The p-value = 0.1416 > α = 0.10.
The p-value is more than the significance level.
The null hypothesis was not rejected.
Conclusion:
The mean value is not different than 100.