Does age make a difference in the amount of savings a worker feels is needed to be
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Does age make a difference in the amount of savings a worker feels is needed to be secure at retirement? A study by CommSciences for Transamerica Asset Management found that .24 of workers in the 25-33 age category feel that $250,000 to $500,000 is enough to be secure at retirement. However, .35 of the workers in the 34-52 age category feel that this amount is enough. Suppose 210 workers in the 25-33 age category and 176 workers in the 34-52 age category were involved in this study. Use these data to construct a 90% confidence interval to estimate the difference in population proportions on this question.
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Question Posted:
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