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What is the p-value for the test statistic? The p-value is 0.047. (Round to three decimal places as needed.) What is the correct conclusion at the 0.10 level of significance? OA.Reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. B.Do not reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. C.Reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. OD.Do not reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B.

Question

What is the p-value for the test statistic? The p-value is 0.047. (Round to three decimal places as needed.) What is the correct conclusion at the 0.10 level of significance? OA.Reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. B.Do not reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. C.Reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. OD.Do not reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B.

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Solution

The correct answer is OA. Reject Ho. There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B.

This is because the p-value of 0.047 is less than the significance level of 0.10. When the p-value is less than the significance level, we reject the null hypothesis (Ho). In this case, the null hypothesis would be that there is no difference between the mean roundtrip fares between Airline A and Airline B. Since we are rejecting this, we are concluding that there is a difference.

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