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. 59, 66, 62, 60, 74, 67, 73, 74, 58, 69, 71, 69 What can be concluded at the the αα = 0.10 level of significance level of significance? The null and alternative hypotheses would be:

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Q: The average retirement age in America is 63 years old. Do small business owners retire at a…

A: 65,59,58,62,60,62,58,69,59,62,71,68,76,57

Q: The manufacturer of a new eye cream claims that the cream reduces the appearance of fine lines and…

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