TABLE 9-5 A Bank Tests the Null Hypothesis That the Mean Age

question 45

True/False

TABLE 9-5
A bank tests the null hypothesis that the mean age of the bank's mortgage holders is less than or equal to 45 years,versus an alternative that the mean age is greater than 45 years.They take a sample and calculate a p-value of 0.0202.
-True or False: Referring to Table 9-5,the null hypothesis would be rejected at a significance level of α = 0.05.

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Definitions:

Private Corporations

Companies owned by private individuals or entities, not traded publicly on stock exchanges, and not owned by government entities.

Public Corporations

A corporation that sells shares of stock to the public and is listed on a stock exchange.

Repayment Schedule

A timeline that specifies when and how much a borrower needs to pay back to the lender, often detailing monthly payments and interest rates.

Creditors

Individuals, businesses, or financial institutions that are owed money by a debtor, typically as a result of extending credit or lending funds.