Raymond B. answered 11/24/23
Math, microeconomics or criminal justice
you might mean 95%, or .05, not .005
then z=2,using the empirical rule
for a 2 tailed hypothesis test
you can find some p value calculators on line
that give you the p value from the z score
p value for z=2 is .046 < .05
not significant, so failure to reject Ho
if
p-value for z=2.807 is .09997
if p <.05, it's not significant
.09997 > .05, it's significant,so reject null Hypothesis
if you really meant 005, then z = 2.807
using z tables
or z= about 3 using the empirical rule, as.995 is virtually the same as .997=99.7%
that's a larger margin of error, making it less likely to reject the null hypothesis