Suppose the P-Value for Your Hypothesis Test for a Difference

question 1

Multiple Choice

Suppose the p-value for your hypothesis test for a difference of two means was .001.Which of the following is an appropriate conclusion?

• A)You reject the null hypothesis.
• B)If there really was no difference in the population means, we would see results as extreme as these only .1% of the time.
• C)You conclude that there is a statistically significant difference between the population means.
• D)All of the above.

---

Definitions:

Past-due Account

An account that has not been paid by the due date, indicating overdue payments.

Receivable

Amounts of money owed to a company by customers or clients for goods or services delivered but not yet paid for.

Average Collection Period

The average collection period is the average number of days it takes for a business to receive payments owed by its customers for sales made on credit.