A study is performed involving two remedies for midwest farm crops who experienced the worst drought in years. In the midwest, 450 crop fields were given randomly one of two remedies. Specifically, 220 were given Remedy A and 230 were given Remedy B. A total of 74 of the 450 crop fields were salvageable, 35 from Remedy A group and 39 from Remedy B group.
A significance test was performed for the following hypotheses and resulted in a p-value of 0.3822:
H0: Salvage rates are the same for Remedy A and B
Ha: Remedy B has a greater salvage rate
Part A: Interpret the p-value in terms of the context.
Part B: Using a significance level of? = 0.05, what can you conclude from the context of this study?
Part C: Based on your conclusion in part B, which type of error—Type I or Type II—could have been made? What is one potential consequence of this error?
