A department store sells logo shirts at an original price of $20. Every month that a shirt doesn’t sell, the store reduces the s
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
It was noted that a music streaming platform modified its format to highlight previously unreleased tracks from emerging artists. The site manager is now aiming to assess whether the daily unique listener count has changed.
The hypothesis is set
(A two-tailed test for mean difference)
The test statistic is calculated, and the p-value turns out to be 0.0743
Assuming a significance level of 5%, we observe that p-value = 0.0743>0.05Thus, we accept the null hypothesis.i.e. there is no statistically significant alteration in the average number of daily unique listeners
The p-value serves as an indicator of the extremity of the observed data. If p is lower than alpha, we thus reject H0; otherwise, we accept it.