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

question 150

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

---

Definitions:

Nutrition Counselors

Professionals who provide guidance and advice on diet, eating habits, and overall nutrition to improve health.

Print Materials

Refers to documents, brochures, books, and other materials that are printed on paper and intended for physical distribution.

Planning Process

A systematic approach to setting goals, developing strategies, and outlining tasks and schedules to achieve those goals.

Evaluation

The process of assessing or judging the value, nature, or quality of something, often to inform decisions or improvements.