A Six Sigma Black Belt is analyzing a process improvement aimed at reducing the average processing time. The null hypothesis (H₀) is that the mean time is unchanged (μ = 30 minutes), and the alternative hypothesis (H₁) is that the mean time has been reduced (μ < 30 minutes). After conducting the test, the calculated p-value is 0.04. Using a significance level (α) of 0.05, what is the correct conclusion?
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A
Fail to reject the null hypothesis; there is not enough evidence to conclude the mean time has been reduced.
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B
Reject the null hypothesis; there is sufficient evidence to conclude the mean time has been reduced.
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C
Reject the null hypothesis; there is sufficient evidence to conclude the mean time has increased.
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D
The p-value is greater than the significance level, so the alternative hypothesis is accepted.