Question

A survey was taken on how a lump-sum pension would be invested by 45-year-olds and 65-year-olds. The data are shown here. At α = 0.05, is there a relationship between the age of the investor and the way the money would be invested?
Follow these steps.
a. State the hypotheses and identify the claim.
b. Find the critical value(s).
c. Compute the test value.
d. Make the decision.
e. Summarize the results.
Use the traditional method of hypothesis testing unless otherwise specified.


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  • CreatedSeptember 02, 2015
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