For this study, we should use The null and alternative hypotheses would be: H0:H0: H1:H1: The test statistic = (please show your answer to 3 decimal places.) The p-value = (Please show your answer to 4 decimal places.) The p-value is αα Based on this, we should the null hypothesis. Thus, the final conclusion is that ...
For this study, we should use The null and alternative hypotheses would be: H0:H0: H1:H1: The test statistic = (please show your answer to 3 decimal places.) The p-value = (Please show your answer to 4 decimal places.) The p-value is αα Based on this, we should the null hypothesis. Thus, the final conclusion is that ...
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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The average retirement age in America is 64 years old. Do small business owners retire at an older average age? The data below shows the results of a survey of small business owners who have recently retired. Assume that the distribution of the population is normal.
66, 57, 60, 76, 66, 75, 61, 64, 76, 68, 70
What can be concluded at the the αα = 0.10 level of significance level of significance?
- For this study, we should use
- The null and alternative hypotheses would be:
H0:H0:
H1:H1:
- The test statistic = (please show your answer to 3 decimal places.)
- The p-value = (Please show your answer to 4 decimal places.)
- The p-value is αα
- Based on this, we should the null hypothesis.
- Thus, the final conclusion is that ...
- The data suggest the populaton
mean is significantly older than 64 at αα = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. - The data suggest the population mean is not significantly older than 64 at αα = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 64.
- The data suggest the population mean retirement age for small business owners is not significantly older than 64 at αα = 0.10, so there is insufficient evidence to conclude that the population mean retirement age for small business owners is older than 64.
- The data suggest the populaton
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