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

question 168

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 = 0.01.

---

Definitions:

HR Mastery

The comprehensive knowledge and expert skill level in human resources practices, including talent management, benefits administration, and organizational development.

Business Mastery

The comprehensive understanding and skillful handling of business operations, strategies, and development.

Personal Credibility

The perceived reliability and trustworthiness of an individual, based on their actions, ethics, and achievements.

Economic

Related to the production, distribution, and consumption of goods and services, and the analysis of the behaviors of economies.