Question

A large company wanted to know how the average salary of their employees had changed over the last year. the results of their study had a p-value of 0.12 and showed that the average salary had increased by $1,500 from $20,000 to $21,500. what should we conclude about the results of this study?

Answer 1

A large company wanted to know how the average salary of their employees had changed over the last year. the results of their study had a p-value of 0.12and showed that the average salary had increased by $1,500 from $20,000 to $21,500. The results were practically significant but not statistically significant.