Explore the use of the NORMS.DIST Excel function to find p-values. For example, for a 1 tail test, using the left tail, find the p-value corresponding to an observed z value of 2.05? Is your p-value 2%? If the alpha is 5% what can you infer regarding the null hypothesis?

Provide your insights and examples for Null and Alternate hypothesis.

 

Provide your insights and examples for Level of significance, also referred to as alpha.

Provide your insights and examples for One or Two tailed test.

Provide your insights and examples for p-value

Provide your insights and examples for Rejection Region

Provide your insights and examples for Critical value

Provide your insights and examples for Type 1 Error

Provide your insights and examples for Type 2 Error

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