Final answer:
The correct conclusion is to not reject the null hypothesis.
Step-by-step explanation:
If the p-value for a hypothesis test is 0.07 and the chosen level of significance is α = 0.05, then the correct conclusion is to not reject the null hypothesis.
When conducting a hypothesis test, the p-value represents the probability of obtaining the observed data or more extreme values assuming the null hypothesis is true. If the p-value is greater than the significance level (α), which is the threshold for rejecting the null hypothesis, we fail to reject the null hypothesis.
In this case, the p-value of 0.07 is greater than the significance level of 0.05. Therefore, we cannot reject the null hypothesis.