The federal government would like to test the hypothesis that the average age of men filing for Social Security is higher than the average age of women set using ? = 0.05 with the following data:
Men Women
Sample mean 64.5 years 63.6 years
Sample size 35 39
Population standard deviation 3.0 years 3.5 years
If Population 1 is defined as men and Population 2 is defined as women, the critical value for this hypothesis test would be ________.
A) 1.28
B) 1.645
C) 1.96
D) 2.33
B
You might also like to view...
During the ________ stage of group development, the team is fully functional and working together to accomplish the project goals.
Fill in the blank(s) with the appropriate word(s).
Market information systems serve as an information bank where important data are stored until it is needed.
Answer the following statement true (T) or false (F)
Expected monetary value (EMV) is
A) the average or expected monetary outcome of a decision if it can be repeated a large number of times. B) the average or expected value of the decision, if you know what would happen ahead of time. C) the average or expected value of information if it were completely accurate. D) the amount you would lose by not picking the best alternative. E) a decision criterion that places an equal weight on all states of nature.
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the straight-line method.
A. $24,000. B. $23,779. C. $29,025. D. $25,800. E. $27,000.