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Results of a Small Experiment Show That People Are Likely pp

Question 5

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Results of a small experiment show that people are likely to offer a different amount for used exercise equipment when bargaining with a friend than when bargaining with a stranger. The pp -value from testing the difference in mean offers was equal to 0.001620.00162 . At an α=0.05\alpha = 0.05 , the correct conclusion is to


A) reject the null hypothesis.
B) fail to reject the null hypothesis.
C) conclude that there is no difference between bargaining with a stranger versus a friend.
D) Both A and C.
E) Both B\mathrm { B } and C\mathrm { C } .

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