A poll reported that 33% of 170 Canadians between the ages of 25 and 29 had started saving money forretirement. Of the 175 Canadians surveyed between the ages of 21 and 24, 28% had started saving forretirement. Carry out an appropriate hypothesis test and see whether there is any difference betweenthe proportions of Canadians between the ages of 25 and 29 and the ages of 21 and 24 who hadstarted saving for retirement.(a) What are the null and alternative hypotheses?Họ: P : <: 0 :HA: P(b) What is the test statistic? (Round your answer to 2 decimal places, if needed.)(c) Using the statistical table, what is the p-value? (Round your answer to 4 decimal places, if needed.)(d) Based on the p-value, what can you conclude?O There is about a 31.25% chance that the two proportions are equal.If there is no difference in thikproportions, there is about a 15.62% chance of seeing theobserved difference or larger (as extreme or more extreme) by natural sampling variation.O There is about a 31.25% chance that the two proportions are unequal.O If there is no difference in the proportions, there is about a 15.62% chance of seeing the exactobserved difference by natural sampling variation.O It there is no difference in the proportions, there is about a 31.25% chance of seeing theobserved difference or larger (as extreme or more extreme) by natural sampling variation.Check

Here use two tail test of comparing 2 proportion

Answered: retirement. Carry out an appropriate…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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retirement. Carry out an appropriate hypothesis test and see whether there is any difference between the proportions of Canadians between the ages of 25 and 29 and the ages of 21 and 24 who had started saving for retirement.