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 bank can conclude that the mean age is greater than 45 at a significance level of α = 0.01.

Question

Quizplus · Accepted Answer

With a p-value of 0.0202, the bank can reject the null hypothesis at a significance level of α = 0.05, but not at a stricter significance level of α = 0.01.

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