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A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of 50 nonprofit organizations, the
A survey of nonprofit organizations showed that online fundraising has increased in the past year. Based on a random sample of 50 nonprofit organizations, the mean one-time gift donation in the past year was $62, with a standard deviation of $9.
a) If you test the null hypothesis at the 0.01 level of significance, is there evidence that the mean one-time gift donation is greater than $60?
b) Interpret the meaning of the p-value in this problem
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