What is p value and how is it relevant to hypothesis testing

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Reference no: EM131407146

1. What is a p-value, and how is it relevant to hypothesis testing?

2. The p-value for a hypothesis test has been reported as 0.03. If the test result is interpreted using the α = 0.05 level of significance as a criterion, will H₀ be rejected? Explain.

Reference no: EM131407146

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