Which of the Following Best Describes the P-Value of a Test

question 121

Multiple Choice

Which of the following best describes the p-value of a test?

• A)The p-value is the probability of getting our statistical table value of the test statistic if the null hypothesized value of the population parameter, were really true.
• B)The p-value is the probability of getting our calculated test statistic or more extreme if the null hypothesized value of the population parameter, were really true.
• C)The p-value is the probability of getting our calculated test statistic, or more extreme, if the null hypothesized value of the population parameter, were really false.
• D)None of these choices are correct.

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Definitions:

Sales Revenue

The total income received from selling goods or services before any expenses are subtracted.

Other Revenues

Income from activities that are not part of a company's core business operations.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Goodwill

An intangible asset representing the excess of the purchase price over the fair market value of an acquired company’s net assets.