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Suppose the Age Distribution of the Canadian Population and the Age

question 23

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Suppose the age distribution of the Canadian population and the age distribution of a random sample of 470 residents in the Indian community of Red Lake are shown below.  Observed Number  Age (years)   Percent of Canadian Population  in Red Lake Village  Under 55.9%445 to 1413.7%5815 to 6469.9%32465 and older 10.5%44\begin{array} { l l l } & & \text { Observed Number } \\\text { Age (years) } & \text { Percent of Canadian Population } & \text { in Red Lake Village } \\\hline \text { Under } 5 & 5.9 \% & 44 \\5 \text { to } 14 & 13.7 \% & 58 \\15 \text { to } 64 & 69.9 \% & 324 \\65 \text { and older } & 10.5 \% & 44 \\\hline\end{array} Use to test the claim that the age distribution of the general Canadian population fits the age distribution of the residents of Red Lake Village. What is the level of significance?
α=0.01\alpha = 0.01


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Sinking Funds

A type of savings account or fund that is set up to repay debt or an outstanding loan, making periodic payments into the fund for this purpose.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell the products, and collect cash from the sales.

Maturity Value

The total amount payable to an investor at the end of a bond's term, including both the principal and the interest.

Bonds

Fixed-income investments representing loans made by an investor to a borrower, typically corporate or governmental.

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