It equals 51.3708. If the actual sample mean of the random sample of size 36 is 51.3708 or greater, you reject the null hypothesis. The rejection region is shown in red in the next ... This example ...

Hypothesis testing provides a method to reject a null hypothesis within a certain confidence level. If you can reject the null hypothesis, it provides support for the alternative hypothesis.

A p-value greater than 0.05 means that deviation from the null hypothesis is not statistically significant, and the null hypothesis is not rejected. What Does a P-Value of 0.001 Mean?

The null hypothesis offers a unique approach to identifying weaknesses in business models, fostering innovation. Business Insider Subscribe Newsletters ...