A hypothesis test is being used with 𝛼 = .05. If the test results in a p-value of 0.037, then what is the correct decision? Fail to reject the null hypothesis and conclude that evidence favors the alternative hypothesis.
Added by Jasmine J.
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The significance level (𝛼) is .05, which means that we are willing to accept a 5% chance of making a Type I error (rejecting the null hypothesis when it is actually true). The p-value is 0.037, which is less than 𝛼. This means that the probability of obtaining Show more…
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