Question: Our test decision is to reject the null hypothesis in favor of the alternative hypothesis. The null hypothesis stated that the average cost per square
Our test decision is to reject the null hypothesis in favor of the alternative hypothesis. The
null hypothesis stated that the average cost per square foot in the Pacific region is equal to or
higher than $280, while the alternative hypothesis claimed that it is lower. By performing a one-
sample t-test with a test statistic of -3.10 and a p-value of 0.001, we have obtained strong
evidence to support the alternative hypothesis. This indicates that the newly designed
advertisement has led to a statistically significant decrease in the average cost per square foot in
the Pacific region. Therefore, our conclusions are statistically significant, and we can confidently
assert that the advertisement has had a significant impact on reducing the average cost per square
foot in the Pacific region, supporting the salesperson's claim
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