The Average Retirement Age in Your State, and How It Compares to Your Savings
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SOLVED: The average retirement age in America is 64 years old. Is the average different for small business owners? 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:62, 65, 68, 64, 69, 65, 74, 59, 63, 65, 65, 71, 62What can be concluded at the 0.05 level of significance?Helpful Videos:Calculations Set-Up Interpretations 2Hint - Textbook PagesHo: μ = 64Ha: μ ≠ 64Test statistic: tp-Value
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