A Six Sigma team is investigating the cycle time of a claims process. They believe a new software update has reduced the average time. The null hypothesis (H₀) states that the mean cycle time is unchanged, while the alternative hypothesis (Hₐ) states it has decreased. After analysis, they calculate a p-value of 0.04. Using a standard alpha (α) level of 0.05, what is the correct conclusion?
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A
The results are not statistically significant, and the team fails to reject the null hypothesis.
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B
The results are statistically significant, and the team rejects the null hypothesis.
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C
The results are inconclusive, and the sample size needs to be increased.
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D
A Type II error has occurred, and the team should accept the null hypothesis.