Answer
In this approach, assuming the null hypothesis to be true, the probability of attaining an outcome as high as the one that was obtained in the sample is obtained. If significance level is greater than the p-value, then H0 is rejected.
Work Step by Step
In the p-value approach, first determine the null and alternative hypotheses. Select a level of significance and then calculate the test statistic. Use the table to determine the value of p. If p-value is less than the significance level, then reject H0. State the conclusion.
