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The following data was calculated during a study on customer orders. Now find and interpret the p-value for this hypothesis test.: Sample size - 29
The following data was calculated during a study on customer orders. Now find and interpret the p-value for this hypothesis test.: Sample size - 29 customers Sample mean = 6.9 items Sample standard deviation = 1.5 items The test statistic is calculated as to = 3.23 Use the table below to help estimate the p- value. Based on the p-value, choose the correct interpretation. Probability 0.10 0.05 0.025 0.01 0.005 Degrees of Freedom 25 1.316 1.708 2.060 2.485 2.787 26 1.315 1.706 2.0562 32.779 27 .314 1.703 3 2.052 2.473 2.771 28 1.313 1.701 2.048 2.467 2.763 29 1311 1.695 2.045 2.462 2.756 30 1310 1.697 2.042 457 2.750 31 1:309 1.696 2.040 2 453 2.744 32 1309 1.694 2.037 7 2.449 2.738 33 1308 1.692 2 2.035 2.445 2.733 Select the correct answer below: The probability of observing a value of to - 3.23 or less if the null hypothesis is true is greater than 99.5%. O The probability of observing a value of to - 3.23 or greater if the null hypothesis is true is greater than 99.5%. O The probability of observing a value of to = 3.23 or greater if the null hypothesis is true is less than 0.56. O The probability of observing a value of to - 3.23 or less if the null hypothesis is true is less than 0.5%
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