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knoeller33 knoeller33
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A month ago
Use the following to answer the questions below:

The makers of a popular brand of laundry detergent have discovered a new secret ingredient that they believe will boost the cleaning power of their detergent. The new ingredient is expensive, and if they use it, they would have to increase the retail price of the detergent (and they worry that the price increase will cause them to lose customers). However, they believe that if the improved detergent gets clothes drastically cleaner, customers will recognize that it is worth the extra cost. They conduct an experiment to compare the performance of the new and old formulas at removing grass stains, red wine, and chocolate from white t-shirts. Each cleaned shirt was rated on a scale from 1 (stain did not get removed) to 10 (no evidence of the stain) by trained experts. They compared the average rating for the new and old formulas.


Suppose, at the 5% significance level, they find that the new formula cleaned the shirts significantly better than the old formula, with a p-value of 0.046. Interpret the p-value, in terms of the probability of the results happening by random chance, in this context.
Textbook 
Statistics: Unlocking the Power of Data

Statistics: Unlocking the Power of Data


Edition: 3rd
Authors:
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ixi12ixi12
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A month ago
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knoeller33 Author
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A month ago
This helped my grade so much Perfect
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Smart ... Thanks!
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