H0: µ = 70,000 or µ > 70,000 or µ ≥ 70,000
Ha: µ < 70,000
Alpha, α = |
Risk Level Significance Level Rejection Region |
One-Tailed Tests |
Alpha α = 5% or .05 Confidence Level = 1 – α = 95% or .95 |
Two-Tailed Tests |
Alpha α/2 = (5/2)% or .025 |
Note: α is always 5% or .5 unless otherwise given.