Please see that attachment. Thank you. The average retirement age in America is 62 years old. Do small business owners retire at a different averageage? 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.64, 61, 72, 66, 58, 69, 72, 62, 58, 60, 71, 60, 69, 59What can be conduded at the the a = 0.01 level of significance level of significance?a. For this study, we should use Select an answerb. The null and alternative hypotheses would be:Ho: ? vSelect an answer vHi: ? v| Select an answer vc. The test statistic ? v=(please show your answer to 3 decimal places.)d. The p-value =(Please show your answer to 4 decimal places.)e. The p-value is ? vaf. Based on this, we should Select an answerg. Thus, the final condusion is that ...the null hypothesis.O The data suggest the population mean is not significantly different from 62 at a = 0.01, so thereis sufficient evidenceowners is equal to 62.condudepopulation mean retirement age for small businO The data suggest the populaton mean is significantly different from 62 at a = 0.01, so there issufficient evidence to condude that the population mean retirement age for small businessowners is different from 62.O The data suggest the population mean retirement age for small business owners is notsignificantly different from 62 at a = 0.01, so there is insufficient evidence to condude that thepopulation mean retirement age for small business owners is different from 62.

Name: Please see that attachment. Thank you. The average retirement age in A
Uploaded: 2024-03-20T06:46:14.000Z
Channel: Bartleby
Description: Please see that attachment. Thank you. The average retirement age in America is 62 years old. Do small business owners retire at a different averageage? The data below shows the results of a survey of small business owners who have recently retired.A