The average retirement age in America is 63 years old. Do small business owners retire at a differentaverage age? The data below shows the results of a survey of small business owners who have recentlyretired. Assume that the distribution of the population is normal.66, 60, 62, 71, 58, 73, 60, 72, 70, 61, 57What can be concluded at the the a 0.05 level of significance level of significance?a. For this study, we should use t-test for a population meanb. The null and alternative hypotheses would be:Ho: uv =63H: uv>c. The test statistic ? =(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 ? af. Based on this, we should Select an answerv the null hypothesis.g. Thus, the final conclusion is thatO The data suggest the population mean retirement age for small business owners is notsignificantly different from 63 at a = 0.05, so there is insufficient evidence to conclude thatthe population mean retirement age for small business owners is different from 63.O The data suggest the populaton mean is significantly different from 63 at a = 0.05, so there issufficient evidence to conclude that the population mean retirement age for small businessowners is different from 63.O The data suggest the population mean is not significantly different from 63 at a = 0.05, sothere is sufficient evidence to conclude that the population mean retirement age for smallbusiness owners is equal to 63.M

(a) Determine the type of test used for the given study. The type of study used for the given…

The average retirement age in Armerica is 63 years old. Do small business owners retire at a different 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. 66, 60, 62, 71, 58, 73, 60, 72, 70, 61, 57 What can be concluded at the the a 0.05 level of significance level of significance? %3D a. For this study, we should use t-test for a population mean b. The null and alternative hypotheses would be: Ho: 63 H1: uv> c. The test statistic ? = (please show your answer to 3 decimal places.) d. The p-value = (Please show your answer to 4 decimal places.) %3D

The average retirement age in Armerica is 63 years old. Do small business owners retire at a different 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. 66, 60, 62, 71, 58, 73, 60, 72, 70, 61, 57 What can be concluded at the the a 0.05 level of significance level of significance? %3D a. For this study, we should use t-test for a population mean b. The null and alternative hypotheses would be: Ho: 63 H1: uv> c. The test statistic ? = (please show your answer to 3 decimal places.) d. The p-value = (Please show your answer to 4 decimal places.) %3D

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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Q8. Please help.
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