If the results of a study using the one-sample t test were summarized t(14) = 3.218, p < .01, then you would know that the probability of tobs if H0 is true is and that the difference between X and μ is. 
Definitions:
Supply Equation
A mathematical representation of the relationship between the quantity of a good supplied by producers based on various factors, including price.
Price Ceiling
A legal maximum price set by the government for a particular good or service, aimed at preventing prices from reaching excessively high levels.
Shortage/Surplus
A shortage occurs when demand exceeds supply for a product or service, whereas a surplus occurs when supply exceeds demand, leading to downward pressure on prices.
Demand Equation
A mathematical expression that relates the quantity of a good that consumers are willing to buy to the good's price and other variables such as income and the price of related goods.
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