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What happens when p-value is equal to 005 do you reject or

250 word AMA format response for each question below:

1: Thank you for your discussion post. As you may notice, the significance level, also represented as alpha or α, is the probability of rejecting the null hypothesis when it is true. Can you explain what are the first steps in calculating the p-value?

2: What happens when p-value is equal to 0.05? Do you reject or fail to reject the null hypothesis?

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