A phone company has a decision to make. A supplier of camer…
A phone company has a decision to make. A supplier of cameras has come forward and offered lower prices than the company’s current vendor. Before deciding whether or not to switch, the company measures a sample of cameras from the new supplier and their current supplier. Then, they conduct a hypothesis test to see if there is a statistically significant difference in quality between suppliers. If the results include a p-value of 0.704, should we assume that the quality is the same or different?