Question: Conclusion We were given that alpha = .05 to test the claim. The p value was determined to be, 0.6171, which is greater than the
Conclusion We were given that alpha = .05 to test the claim. The p value was determined to be, 0.6171, which is greater than the alpha. Since the p value is much higher than the alpha, we fail to reject the null hypothesis. The hypothesis implies that the data fails to support the official's claim which shows that the evidence is contrary to the claim. A p-value of 0.6171, indicates that there is about a 62% chance of observing results like ours if the true average vehicle price is equal to the 45th percentile, further confirming that the evidence is too weak to validate the claim
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
