For testing H0: = 3 versus H1: < 3, a P-value of 0.024 is obtained.
Question:
For testing H0: μ = 3 versus H1: μ < 3, a P-value of 0.024 is obtained.
a. If the significance level is α = 0.05, would you conclude that μ < 3?
Explain.
b. If the significance level is α = 0.01, would you conclude that μ < 3?
Explain.
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