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A research firm claims that of women in the 40-49 age group save in a or individual retirement account. If we wished to test whether this percentage could be the same for women in this age group living in New York City and selected a random sample of 300 such individuals from New York, what would be the null and alternative hypotheses? Would the test be a -test or a -test? Why?
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VerifiedAnswered 1 year ago
Answered 1 year ago
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1 of 3The given problem claims that of women in the age group from to age save in a (k) or individual retirement account. First, we can notice that it is given the percentage values which represent the population proportion.
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