Key Takeaways

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The p-value Approach to Hypothesis Testing

The observed significance or \(p\)-value of a test is a measure of how inconsistent the sample result is with \(H_{0}\) and in favor of \(H_{a}\).
The \(p\)-value approach to hypothesis testing means that one merely compares the \(p\)-value to \(\alpha\) instead of constructing a rejection region.
There is a systematic five-step procedure for the \(p\)-value approach to hypothesis testing.

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