The Claim That "40% of Those Persons Who Retired from an Industrial

question 97

Multiple Choice

The claim that "40% of those persons who retired from an industrial job before the age of 60 would return to work if a suitable job was available" is to be investigated at the 0.02 level of risk. If 74 out of the 200 workers sampled said they would return to work, what is our decision?

• A) Do no reject the null hypothesis because -0.866 lies in the region between 0 and -2.33
• B) Do not reject the null hypothesis because -0.866 lies in the region between 0 and -2.58
• C) Reject the null hypothesis because 37% is less than 40%
• D) Do not reject the null hypothesis because 37% lies in the area between 0% and 40%

---

Definitions:

Beginning

The point in time or space at which something starts.

Yearly Payments

Payments that are made once a year, often related to loans, annuities, or insurance policies.

Annual Payments

Regular amounts paid once a year, often used in the context of loan repayments or investment returns.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.