How do you determine the level of significance or p-value for this particular problem? H0: Non-monetary benefits

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How do you determine the level of significance or p-value for this particular problem? H0: Non-monetary benefits do not impact employee satisfaction as much as annual pay increases would. H1: There is a higher positive correlation between employee satisfaction and non-monetary benefits then employee satisfaction and annual pay increases.
Why might the level of significance you might use be substantially different for different problems? GIVE EXAMPLES
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