Question
18) A poll reported that 30% of 60 Canadians between the ages of 25 and 29 had started saving money for retirement. Of the 40
18) A poll reported that 30% of 60 Canadians between the ages of 25 and 29 had started saving money for retirement. Of the 40 Canadians surveyed between the ages of 21 and 24, 25% had started saving for retirement. Carry out an appropriate hypothesis test and see whether there is any difference between the proportions of Canadians between the ages of 25 and 29 and the ages of 21 and 24 who had started saving for retirement.
A) P-value = 0.5824; There is about a 58.24% chance that the two proportions are equal.
B) P-value = 0.1812; If there is no difference in the proportions, there is about a 18.12% chance of seeing the observed difference or larger by natural sampling variation.
C) P-value = 0.2912; There is about a 24.96% chance that the two proportions are equal.
D) P-value = 0.2912; If there is no difference in the proportions, there is about a 24.96% chance of seeing the exact observed difference by natural sampling variation.
E) P-value = 0.5824; If there is no difference in the proportions, there is about a 58.24% chance of seeing the observed difference or larger by natural sampling variation
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