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

question 38

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.
-Referring to Table 9-5, the null hypothesis would be rejected at a significance level of α = 0.05.

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Money that consumers or businesses have available to spend after accounting for necessities such as taxes, groceries, and living expenses.

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