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

question 69

True/False

SCENARIO 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 Scenario 9-5,the null hypothesis would be rejected at a significance level of α = 0.05.

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Definitions:

Auditory Canal

The tube that runs from the outer ear to the middle ear, transmitting sound waves.

Earwax

A substance secreted in the ear canal that protects and lubricates the ear.

HD

High Definition; a term commonly used to describe the resolution of visual content that has a higher resolution than standard definition.

Eardrum

The eardrum, also known as the tympanic membrane, is a thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.