18. A credit card company claims that the mean time the hold is 3.5 minutes. An employee of this company believes that customers spend more than 3.5 minutes on hold. A random sample of n = 36 calls is selected and the mean time the customers in this sample spent on hold was 5.15 minutes. All conditions for inference were met and the p-value for the appropriate hypothesis test was 0.031. Which of the following statements is the best interpretation of the p-value?
18. A credit card company claims that the mean time the hold is 3.5 minutes. An employee of this company believes that customers spend more than 3.5 minutes on hold. A random sample of n = 36 calls is selected and the mean time the customers in this sample spent on hold was 5.15 minutes. All conditions for inference were met and the p-value for the appropriate hypothesis test was 0.031. Which of the following statements is the best interpretation of the p-value?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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