(LO 5-7) If the alpha threshold is 0.05, and the p-value on a t-test comparing one company’s ROA to the industry average ROA is 0.045, what do you conclude about the null hypothesis that the company’s ROA is the same as the industry? Is the ROA the same or different than that of the industry?
If the alpha threshold is 0.10, and the p-value on a t-test comparing one company’s ROA to the industry average ROA is 0.11, what do you conclude about the null hypothesis that the company’s ROA is the same as the industry? Is the ROA the same or different than that of the industry?