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

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Definitions:

Male-dominated Culture

A societal structure where males hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Female Inferiority

A disproved and sexist belief system asserting that women are naturally less important, intelligent, or capable than men.

Environmental Effects

The impact of surroundings, including social, cultural, and physical environments, on the development and behavior of individuals or systems.

Superficial

Describing an approach or level of understanding that is only concerned with surface aspects or appearances, lacking depth and thoroughness.