Based on the Z statistic and critical Z value obtained in previous question, What is the result of the hypothesis test AND what is the reason we have that result?
1) We fail to reject the null hypothesis because the calculated Z is more extreme than the critical Z value.
2) We fail to reject the null hypothesis because the calculated Z is less extreme than the critical Z value.
3) We reject the null hypothesis because the calculated Z is more extreme than the critical Z value.
4) We reject the null hypothesis because the calculated Z is less extreme than the critical Z value.