A company wants to test if the mean sales of Product A are higher than the mean sales of Product B. The hypotheses are specified as follows: Null Hypothesis (H0): The mean sales of Product A are less than or equal to the mean sales of Product B. Alternative Hypothesis (Ha): The mean sales of Product A are higher than the mean sales of Product B. After conducting a one-tailed t-test, the company obtains a p-value of 0.07. Using an alpha level of 0.05, what conclusion should the company draw?
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Explain the difference between a sample and a population. IN…
Explain the difference between a sample and a population. INCLUDE THIS ANSWER IN THE FILE YOU UPLOAD.
What does a low p-value indicate in hypothesis testing?
What does a low p-value indicate in hypothesis testing?
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Which of the following statements best describes “statistical significance” in the context of hypothesis testing?
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Why is the following figure not correct? delete2.png
Why is the following figure not correct? delete2.png