A survey of nonprofit organizations showed that online fundraising increased in the past year. Based on a random sample of 55 nonprofit organizations, the mean one-time gift donation in the past year was $75, with a standard deviation of $20.
a. |
If you test the null hypothesis at the 0.01 level of significance, is there evidence that the mean one-time gift donation is greater than $70? |
b. |
Interpret the meaning of the p-value in this problem. |
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