A market researcher at a major clothing company that has traditionally relied on catalog mail-order sales decides to investigate whether the amount of online sales has changed. She compares the mean monthly online sales of the past several months with a historical figure for mean monthly sales for online purchases. She gets a P-value of 0.07. Explain in this context what the 7% represents.
A market researcher at a major clothing company that has traditionally relied on catalog mail-order sales decides to investigate whether the amount of online sales has changed. She compares the mean monthly online sales of the past several months with a historical figure for mean monthly sales for online purchases. She gets a P-value of 0.07. Explain in this context what the 7% represents.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A market researcher at a major clothing company that has traditionally relied on catalog mail-order sales decides to investigate whether the amount of online sales has changed. She compares the mean monthly online sales of the past several months with a historical figure for mean monthly sales for online purchases. She gets a P-value of 0.07.
Explain in this context what the
7%
represents.
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