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It is conventionally 5% (or lower) but there is no good reason for that level.

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Q: What is the acceptable p value to reject the null hypothesis?
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What is the p-value if 0.01 is the level of significance and the mean is 18688 and the standard deviation is 15500?

In order to solve this you need the null hypothesis value also level of significance only helps you decide whether or not to reject the null hypothesis, is the p-value is above this then you do not reject the null hypothesis, if it is below you reject the null hypothesis Level of significance has nothing to do with the math


Can you not reject null hypothesis?

you do not need to reject a null hypothesis. If you don not that means "we retain the null hypothesis." we retain the null hypothesis when the p-value is large but you have to compare the p-values with alpha levels of .01,.1, and .05 (most common alpha levels). If p-value is above alpha levels then we fail to reject the null hypothesis. retaining the null hypothesis means that we have evidence that something is going to occur (depending on the question)


What is Hypothesis Testing of Beta Value?

Probability of failing to reject a false null hypothesis.


What causes hypothesis to be rejected?

We have two types of hypothesis i.e., Null Hypothesis and Alternative Hypothesis. we take null hypothesis as the same statement given in the problem. Alternative hypothesis is the statement that is complementary to null hypothesis. When our calculated value is less than the tabulated value, we accept null hypothesis otherwise we reject null hypothesis.


What is the Probabilities of Beta Value?

In hypothesis testing, this is the probability of failing to reject a false null hypothesis.


If we reject the null hypothesis what can we conclude about the alpha risk?

If we reject the null hypothesis, we conclude that the alternative hypothesis which is the alpha risk is true. The null hypothesis is used in statistics.


Difference between acceptance and rejection region?

Some researchers say that a hypothesis test can have one of two outcomes: you accept the null hypothesis or you reject the null hypothesis. Many statisticians, however, take issue with the notion of "accepting the null hypothesis." Instead, they say: you reject the null hypothesis or you fail to reject the null hypothesis. Why the distinction between "acceptance" and "failure to reject?" Acceptance implies that the null hypothesis is true. Failure to reject implies that the data are not sufficiently persuasive for us to prefer the alternative hypothesis over the null hypothesis.


Is the critical region the values of the test statistics for which the null hypothesis will reject?

The null hypothesis will not reject - it is a hypothesis and is not capable of rejecting anything. The critical region consists of the values of the test statistic where YOU will reject the null hypothesis in favour of the expressed alternative hypothesis.


How is z score and p value related?

The z-score is a statistical test of significance to help you determine if you should accept or reject the null-hypothesis; whereas the p-value gives you the probability that you were wrong to reject the null-hypothesis. (The null-hypothesis proposes that NO statistical significance exists in a set of observations).


In stats do you reject the null or failed to reject the null 0.5 and 0.45?

At a probability of 0.5 you cannot reject the null hypothesis!


What does a p value of 0.66 tell us?

A p-value is the probability of obtaining a test statistic as extreme or more extreme than the one actually obtained if the null hypothesis were true. If this p-value is less than the level of significance (usually set by the experimenter as .05 or .01), we reject the null hypothesis. Otherwise, we retain the null hypothesis. Therefore, a p-value of 0.66 tell us not to reject the null hypothesis.


Would I accept or reject the null hypothesis if the probability of the obtained statistic is 0.001 and alpha is 0.05?

You should reject the null hypothesis.