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(Solved): In 2018, RAND Corporation researchers found that 71% of all individuals ages 66 to 69 are adequately ...



In 2018, RAND Corporation researchers found that

71%

of all individuals ages 66 to 69 are adequately prepared financially for retirement. Many financial planners have expressed concern that a smaller percentage of those in this age group who did not complete high school are adequately prepared financially for retirement. a. Develop appropriate hypotheses such that rejection of

H_(0)=11

support the conclusion that the proportion of those who are adequately prepared financially for retirement is smaller for people in the

66-69

age group who did not complete high school than it is for the population of the

66-69

age group.

H_(0):p

H_(a):p

- Select your anvwer - b. In a random sample of 300 people from the 66 - 69 age growp who did not complete high school, 165 were not prepared finangially for retirement. What is the p-value for pold hypothesis test (to 4 decimals)? if your answer is zero, enter "0".

e. At

\alpha =0.01

, what is your conclusion? We

- Select pewr enswer * * that the percentage of

66-69

year ald indivisuis who are adequately prepared financially for retirement is amather for those mhe ad not complete nigh school.



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