According to recent reports, Apple Inc. holds 27.6% of the Tablet Computer market. Suppose a consumer research company believes that 27.6% is too high and undertakes a survey to see if their suspicion is supported by the sample data. A random sample was taken of tablet computer purchases and find that of 200 purchases, 52 are Apple tablet computers. The P-value is 0.3064 and the hypothesis is : H:P = 0.276 H:P < 0.276 You would conclude at a significance level of 5%.
There is statistically significant evidence that Apple Inc. holds less than 27.6% of the tablet computer market.
there is a 30.36% chance that Apple Inc. holds at least 27.6% of the Tablet computer market.
we don't have sufficient evidence to support the claim
We have sufficient evidence to suppot the claim, that Apple holds less than 27.6%