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Inferential Statisticsmedium
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An economist is testing the hypothesis that the average monthly expenditure on groceries for a specific demographic is different from \450.Theyobtainap−valueof. They obtain a p-value of .Theyobtainap−valueof0.048fromtheirsampledata.Whichofthefollowingstatementscorrectlyinterpretsthisresultatasignificanceleveloffrom their sample data. Which of the following statements correctly interprets this result at a significance level offromtheirsampledata.Whichofthefollowingstatementscorrectlyinterpretsthisresultatasignificancelevelof\alpha = 0.05$?