What Is the Decision Rule When Using the P-Value Approach

question 102

Multiple Choice

What is the decision rule when using the p-value approach to hypothesis testing?

• A) Reject H₀ if the p-value > α.
• B) Reject H₀ if the p-value < α.
• C) Do not reject H₀ if the p-value < 1 - α.
• D) Do not reject H₀ if the p-value > 1 - α.

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Definitions:

Defaulted

refers to the failure to meet the legal obligations of a loan, such as not making the agreed-upon payments.

Deficiency

A shortfall or lack, especially of something essential or required.

Floating Lien

A security interest in proceeds, after-acquired property, or property purchased under a line of credit (or all three); a security interest in collateral that is retained even when the collateral changes in character, classification, or location.

Collateral

Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.