In a Test of a Mean, the Reported P-Value Is

question 130

Multiple Choice

In a test of a mean, the reported p-value is .025. Using α =.05 the conclusion would be to:

• A)accept the null hypothesis.
• B)reject the null hypothesis.
• C)fail to reject the null hypothesis.
• D)gather more evidence due to inconclusive results.

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Definitions:

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Controlling

The management function that involves monitoring performance, comparing it with goals, and correcting any deviations to achieve objectives.

Quantitative Forecasting

A statistical method that uses numerical data and past trends to predict future events or behaviors.

Statistical Analyses

The process of collecting, examining, interpreting, and presenting numerical data to discover underlying patterns and relationships.