Judith L. answered 12/13/22
MBA in Corporate Finance.
The p-value is the probability that the mean of a probability distribution, will be greater or less than the all the observed results. I.e. how likely that the data will occur when under a null hypothesis.
For question a. the p value is 0.00621
For question b. the p value is 0.022216
(this is from using the z-chart)