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

question 38

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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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Definitions:

Photosynthetic Bacteria

Bacteria capable of photosynthesis, a process that converts light energy into chemical energy, thereby producing oxygen as a by-product, crucial for earth's oxygen supply.

Chemosynthetic Bacteria

Microorganisms that obtain energy by converting inorganic molecules to organic matter, independent of sunlight.

Autotrophs

Organisms that produce their own food from inorganic substances, like carbon dioxide and water, typically through photosynthesis.

Heterotrophs

Organisms that obtain energy by consuming other living things, unable to synthesize their own food.

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