With the Following P-Values, Would You Reject or Fail to Reject

question 42

Essay

With the following p-values, would you reject or fail to reject the null hypothesis? What would you say about the test?
a. p-value = 0.0025.
b. p-value = 0.0328.
c. p-value = 0.0795.
d. p-value = 0.1940.

---

Definitions:

June Purchases

Refers to the acquisitions or buying activities carried out in the month of June, possibly for a business or personal needs.

Budgeted Profit and Loss Statement

A financial report that forecasts the revenue, expenses, and net income for a specific period, helping businesses in financial planning and control.

Uncollectible Accounts

Financial debts within accounts receivable that are considered unlikely to be recovered because customers are unable to fulfill payment obligations.

Credit Sales

Sales of goods or services that are not immediately paid for by the customer, leading to the creation of account receivables.