The average retirement age in America is 65 years old Do

Last updated: 3/29/2023

The average retirement age in America is 65 years old Do small business owners retire at a younger average age The data below shows the results of a survey of small business owners who have recently retired Assume that the distribution of the population is normal 60 56 70 70 72 71 72 60 59 62 56 What can be concluded at the the x 0 10 level of significance level of significance a For this study we should use t test for a population mean O b The null and alternative hypotheses would be H H B 65 65 c The test statistic t 0 321 please show your answer to 3 decimal places d The p value Please show your answer to 4 decimal places e The p value is a f Based on this we should Select an answer the null hypothesis g Thus the final conclusion is that The data suggest the population mean retirement age for small business owners is not significantly younger than 65 at a 0 10 so there is insufficient evidence to conclude that the population mean retirement age for small business owners is younger than 65 The data suggest the population mean is not significantly younger than 65 at a 0 10 so there is sufficient evidence to conclude that the population mean retirement age for small business owners is equal to 65 The data suggest the populaton mean is significantly younger than 65 at a 0 10 so there is sufficient evidence to conclude that the population mean retirement age for small business owners is younger than 65