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Discussed how the P value relates to the significance level. Compare the P value and significance level, and make a decision to reject or fail

  • Discussed how the P value relates to the significance level.
  • Compare the P value and significance level, and make a decision to reject or fail to reject the null hypothesis.

Null hypothesis: The average cost per square foot of the sales person home sales is equal to the average cost per square foot in the Pacific region.

Alternative hypothesis: The average cost per square foot of the sales person's home sales is above the average square cost per square foot of homes in the Pacific region.

Significance level = 0.05

p value = 0.9840233

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