The United States Golf Association (USGA) sets performance standards for golf balls. For example, the initial velocity of the ball may not exceed 250 feet per second when measured by an apparatus approved by the USGA.
Suppose a manufacturer introduces a new kind of ball and provides a sample for testing. Based on the mean speed in the test, the USGA comes up with a P-value of 0.34. Explain in this context what the 34% represents.