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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. 72, 65, 68, 64, 59, 65, 74, 59, 63, 65, 65, 61, 62, 68, 71 What can be concluded at the 0.05 level of significance? Set-up, Interpretations Helpful Videos:Calculations, Hint Textbook Pages Ho: μ = 64 Ha: [Select] 64 Test statistic: [Select] p-Value = [Select ] [Select] Conclusion: There is [Select] evidence to make the conclusion that the population mean retirement age for small business owners is older than 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. 72, 65, 68, 64, 59, 65, 74, 59, 63, 65, 65, 61, 62, 68, 71 What can be concluded at the 0.05 level of significance? Set-up, Interpretations Helpful Videos:Calculations, Hint Textbook Pages Ho: μ = 64 Ha: [Select] 64 Test statistic: [Select] p-Value = [Select ] [Select] Conclusion: There is [Select] evidence to make the conclusion that the population mean retirement age for small business owners is older than 64. ►►►

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
Section10.4: Distributions Of Data
Problem 19PFA
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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. 72, 65, 68, 64, 59, 65, 74, 59, 63, 65, 65, 61, 62, 68, 71 What can be concluded at the 0.05 level of significance? Set-up, Interpretations Helpful Videos:Calculations, Hint Textbook Pages Ho: μ = 64 На: р [Select] 64 Test statistic: [Select] p-Value = [Select ] [Select] Conclusion: There is [Select] population mean retirement age for small business owners is older than 64. A evidence to make the conclusion that the
Transcribed Image Text: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. 72, 65, 68, 64, 59, 65, 74, 59, 63, 65, 65, 61, 62, 68, 71 What can be concluded at the 0.05 level of significance? Set-up, Interpretations Helpful Videos:Calculations, Hint Textbook Pages Ho: μ = 64 На: р [Select] 64 Test statistic: [Select] p-Value = [Select ] [Select] Conclusion: There is [Select] population mean retirement age for small business owners is older than 64. A evidence to make the conclusion that the
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