If the p-value is smaller than the level of significance, then it indicates strong evidence against the null hypothesis, as there is less than a 5% probability the null hypothesis is correct.
In this question,
A p-value is a probability, calculated after running a statistical test on data and it lies between 0 and 1. The p-value only tells you how likely the data you have observed is occurred under the null hypothesis.
One of the most commonly used p-value is 0.05. If the value is greater than 0.05, the null hypothesis is considered to be true. If the calculated p-value turns out to be less than 0.05, the null hypothesis is considered to be false, or nullified (hence the name null hypothesis).
A small p-value (< 0.05 in general) means that the observed results are unusual, assuming that they were due to chance only. Now, the smaller the p-value, the stronger the evidence that should reject the null hypothesis.
Hence we can conclude that if the p-value is smaller than the level of significance, then it indicates strong evidence against the null hypothesis, as there is less than a 5% probability the null hypothesis is correct.
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Let Mary Sue have m necklaces and Betty have b necklaces.
And they have 603 necklaces altogether, that is
m + b =603
And Mary Sue has 115 more necklaces than Betty, that is
m=b +115
Substituting this value in first equation we will get
b+115+b=603
Subtracting 115
2b= 488
b= 244
So Betty have 244 necklaces .
I believe the answer is $48 because 6 * 2 is 12 and 12 * 2 is 24 and 24 * 2 is 48, thus 48$. Please feel free to check my work, though.
18 x
--- = ----
5 100
18×100 = 5×x
1800 = 5x
------- ----
5 5
360 = x
Hope this helps!!!
$4,950 will be paid after 3 years.
$577.50 will be paid as interest for the total loan.
