A Recent Report Claimed That Americans Are Retiring Later in Life

question 103

Multiple Choice

A recent report claimed that Americans are retiring later in life (U.S.News & World Report,August 17,2011) .An economist wishes to determine if the mean retirement age has increased from 62.To conduct the relevant test,she takes a random sample of 38 Americans who have recently retired and computes the value of the test statistic as .With a = 0.05,she ___________________.

• A)Rejects the null hypothesis and concludes that the mean retirement age has increased
• B)Rejects the null hypothesis and concludes that the mean retirement age has not increased
• C)Does not reject the null hypothesis and does not conclude that the mean retirement age has changed
• D)Does not reject the null hypothesis and does not conclude that the mean retirement age has increased

---

Definitions:

Prevention Focus

A motivation based on the desire to avoid negative outcomes or failures, leading to cautious and conservative strategies in goal pursuit.

Need For Cognition

A personality trait that reflects a person's love for engaging in and enjoying thinking.

Self-Monitoring

The extent to which individuals regulate their behavior to accommodate social situations, reflecting on how one's actions are perceived by others.

Promotion Focus

A psychological approach emphasizing the pursuit of goals and aspirations, focusing on potential gains and accomplishments.