According to a report released by CIBC entitled "Women Entrepreneurs: Leading The Charge, "average age for Canadian female entrepreneurs in 2020 is 40 years with a standard deviation of 8.95. But with the current conditions, there have been many women who have become leaders, and there are some indications that there is an increase in the average age for these female entrepreneurs. Researchers want find out if it is, the average age a businesswoman has Canada is on the rise. Researchers randomly sampled 97 female entrepreneurs Canada and ensure that the average age sample is 43.4 years. You are prompted to help the research team conduct testing to determine if the average age of Canadian female entrepreneurs has increased of course (greater than 40 years) by using a significance level (α) of 1%? What's the decision? If hypothesis zero rejected / accepted, what is your conclusion?
According to a report released by CIBC entitled "Women Entrepreneurs:
Leading The Charge, "average age for Canadian female entrepreneurs in 2020 is 40 years with a standard deviation of 8.95. But with the current conditions, there have been many women who have become leaders, and there are some indications that there is an increase in the average age for these female entrepreneurs. Researchers want find out if it is, the average age a businesswoman has Canada is on the rise. Researchers randomly sampled 97 female entrepreneurs Canada and ensure that the average age sample is 43.4 years. You are prompted to help the research team conduct testing to determine if the average age of Canadian female entrepreneurs has increased of course (greater than 40 years) by using a significance level (α) of 1%? What's the decision? If hypothesis zero rejected / accepted, what is your conclusion?
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