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

question 8

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 $\alpha$ = 0.05.

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Definitions:

Objective

Based on facts rather than feelings or opinions; not influenced by personal feelings or interpretations.

Syllogistic Steps

Logical sequences involved in the process of syllogism, a form of reasoning where a conclusion is drawn from two given or presumed propositions (premises) that share a common term.

Implicit Propositions

Assumptions within an argument that are not explicitly voiced but underlie the reasoning.

Heroic Figure

An individual admired for their courage, outstanding achievements, or noble qualities, often considered a role model.