SCENARIO 9-5
a Bank Tests the Null Hypothesis That the Mean

question 81

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 there is insufficient evidence to conclude that the mean age is greater than 45 years at a significance level of $\alpha$ = 0.01.

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Definitions:

Embryonic Development

In humans, the first 2 months of development following fertilization, during which the major organs are formed.

Radial Cleavage

A type of embryonic development in certain animals where cell divisions occur at right angles to one another, typical in deuterostomes.

Coelom

Body cavity of an animal; the method by which the coelom is formed (or lack of formation) is an identifying characteristic in animal classification.

Protostomes

A group of animals characterized by the blastopore (the first opening in the developing embryo) becoming the mouth, including groups like mollusks and annelids.