The 5% level of significance was selected for the t value. - 6361

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The 5% level of significance was selected for the t value. The calculated test statistic was 1.93. What is the decision?

A.   Fail to reject the null hypothesis and conclude LIFO is not more effective.

B.   Fail to reject the null hypothesis and conclude LIFO is more effective. 

C.   Reject the alternate hypothesis and conclude LIFO is more effective. 

D.   Reject the null hypothesis and conclude LIFO is more effective. 

Solution Description

The 5% level of significance was selected for the t value. The calculated test statistic was 1.93. What