Question

In a hypothesis test, what is the p-value for testing whether California Power's forecast of mean residential electricity usage is reasonable? Option 1: p-value < 0.05 Option 2: p-value = 0.05 Option 3: p-value > 0.05 Option 4: p-value is not provided

Answer 1

Answer: Option 1

Explanation:

When the p-value < 0.05, the result is significant. Higher than 0.05, the result is not significant.