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In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. Ho: p- Select your answer- Hạ: p Select your answer- c. Conduct your hypothesis test using a =.05. p-value- Select your answer - What is your conclusion? - Select your answer -

In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 65-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. Ho: p- Select your answer- Hạ: p Select your answer- c. Conduct your hypothesis test using a =.05. p-value- Select your answer - What is your conclusion? - Select your answer -

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 4BGP
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In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 6S-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. Họ: P - Select your answer- Ha: p Select your answer - c. Conduct your hypothesis test using a =.05. p-value - Select your answer - What is your conclusion? - Select your answer -
Transcribed Image Text:In recent years more people have been working past the age of 65. In 2005, 27% of people aged 65-69 worked. A recent report from the Organization for Economic Co-operation and Development (OECD) claimed that the percentage working had increased (USA Today, November 16, 2012). The findings reported by the OECD were consistent with taking a sample of 600 people aged 6S-69 and finding that 180 of them were working. a. Develop a point estimate of the proportion of people aged 65-69 who are working (to 2 decimals). b. Set up a hypothesis test so that the rejection of Ho will allow you to conclude that the proportion of people aged 65-69 working has increased from 2005. Họ: P - Select your answer- Ha: p Select your answer - c. Conduct your hypothesis test using a =.05. p-value - Select your answer - What is your conclusion? - Select your answer -
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