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

question 86

Multiple Choice

Instruction 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 Instruction 9-5,if the same sample was used to test the opposite one-tailed test,what would be that test's p-value?

• A) 0.9596
• B) 0.0202
• C) 0.0404
• D) 0.9798

Explain the implications of increased government activity on economic growth and rent-seeking behavior.

Understand the effects of constitutional rules and the shortsightedness effect on political decision-making and economic efficiency.

Analyze the rational-ignorance effect and its impact on voter behavior and information acquisition.

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