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

question 163

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 bank can conclude that the mean age is greater than 45 at a significance level of α = 0.01.

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Definitions:

1929-1933

The period marking the beginning of the Great Depression, a severe worldwide economic downturn.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by widespread unemployment, poverty, and deflation.

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A term referring to individuals in their late childhood and adolescence up to early adulthood.

Deferred Marriage

The choice or condition of postponing marriage until a later age for various reasons, including career, education, or personal preference.