Consider the following null and alternative hypotheses: H 0 : = 60 versus H 1 :

Consider the following null and alternative hypotheses:

H₀: μ = 60 versus H₁: μ > 60

Suppose you perform this test at α = .01 and fail to reject the null hypothesis.
Would you state that the difference between the hypothesized value of the population mean and the observed value of the sample mean is “statistically significant” or would you state that this difference is “statistically not significant?” Explain.