CH9 – RAND Corporation Study on Retirement Preparedness Amongst 66-69 Year-Olds Who Did Not Complete High School

Essentials of Modern Business Statistics with Microsoft® Excel®

Anderson, Sweeney, Williams, Camm, and Cochran

07th Edition

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Develop hypotheses to compare retirement preparedness amongst 66-69-year-olds who did not complete high school with the general population. Conduct a hypothesis test with a random sample of 300 individuals, and determine the p-value for the test. Based on a significance level of 0.01, conclude the percentage of financially prepared individuals in this age group.

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