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

question 49

Essay

With the following p-values,would you reject or fail to reject the null hypothesis? Comment on the statistical significance of each result.(Assume you normally reject H₀ at level 0.08.)
a.p-value = 0.0025
b.p-value = 0.0328
c.p-value = 0.0795
d.p-value = 0.1940

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Definitions:

Revenue Recognition

The accounting principle that outlines the specific conditions under which revenue is recognized and recorded in financial statements.

Generally Accepted Accounting Principles

A broad set of accounting standards, principles, and procedures that entities follow to compile their financial statements, ensuring consistency and comparability.

Substantially Completes Performance

This term refers to a situation in which a party has completed a major portion of its obligations under a contract, meeting a threshold that often allows for recognition of revenue or fulfillment obligations.

Earned

Describes income that has been generated from work, investment, or business operations and has thus contributed to net income.