SCENARIO 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 Scenario 9-5,the null hypothesis would be rejected at a significance level of α = 0.05.

Question

Quizplus · Accepted Answer

Since the p-value (0.0202) is less than the significance level (0.05), we reject the null hypothesis. Therefore, the statement is true.

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