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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. 64, 59, 62, 71, 75, 76, 71, 60, 64, 60, 68, 65, 77, 71 What can be concluded at the the a = 0.10 level of significance level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ?vSelect an answer H: ? Select an answer v c. The test statistic ? = (Please round intermediate calculations to 2 decimal places. Please show your answer to 3 decimal places.) d. The p-value = (Using your rounded test statistic, please show your answer to 4 decimal places.) e. The p-value is ? a f. Based on this, we should Select an answer v the null hypothesis. g. Thus, the final conclusion is that ... O The data suggest the population mean retirement age for small business owners is not significantly older than 64 at a = 0.10, so there is insufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the populaton mean is significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. %3D O The data suggest the population mean is not significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 64.

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. 64, 59, 62, 71, 75, 76, 71, 60, 64, 60, 68, 65, 77, 71 What can be concluded at the the a = 0.10 level of significance level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ?vSelect an answer H: ? Select an answer v c. The test statistic ? = (Please round intermediate calculations to 2 decimal places. Please show your answer to 3 decimal places.) d. The p-value = (Using your rounded test statistic, please show your answer to 4 decimal places.) e. The p-value is ? a f. Based on this, we should Select an answer v the null hypothesis. g. Thus, the final conclusion is that ... O The data suggest the population mean retirement age for small business owners is not significantly older than 64 at a = 0.10, so there is insufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the populaton mean is significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. %3D O The data suggest the population mean is not significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 64.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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• Question 7 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. 64, 59, 62, 71, 75, 76, 71, 60, 64, 60, 68, 65, 77, 71 What can be concluded at the the a = 0.10 level of significance level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ? vSelect an answer v H1: ? Select an answer v c. The test statistic ? = (Please round intermediate calculations to 2 decimal places. Please show your answer to 3 decimal places.) d. The p-value = (Using your rounded test statistic, please show your answer to 4 decimal places.) e. The p-value is ? a f. Based on this, we should Select an answer v the null hypothesis. g. Thus, the final conclusion is that ... O The data suggest the population mean retirement age for small business owners is not significantly older than 64 at a = 0.10, so there is insufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the populaton mean is significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the population mean is not significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 64. > Next Question MacBook Air 80 DII F3 F4 F5 F6 F7 F8 F9 #3 $ & * 3 5 7 9 R T Y U 会 * CO < CO
Transcribed Image Text:• Question 7 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. 64, 59, 62, 71, 75, 76, 71, 60, 64, 60, 68, 65, 77, 71 What can be concluded at the the a = 0.10 level of significance level of significance? a. For this study, we should use Select an answer b. The null and alternative hypotheses would be: Ho: ? vSelect an answer v H1: ? Select an answer v c. The test statistic ? = (Please round intermediate calculations to 2 decimal places. Please show your answer to 3 decimal places.) d. The p-value = (Using your rounded test statistic, please show your answer to 4 decimal places.) e. The p-value is ? a f. Based on this, we should Select an answer v the null hypothesis. g. Thus, the final conclusion is that ... O The data suggest the population mean retirement age for small business owners is not significantly older than 64 at a = 0.10, so there is insufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the populaton mean is significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is older than 64. O The data suggest the population mean is not significantly older than 64 at a = 0.10, so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 64. > Next Question MacBook Air 80 DII F3 F4 F5 F6 F7 F8 F9 #3 $ & * 3 5 7 9 R T Y U 会 * CO < CO
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