Pilgrim Bank is approached by an organization similar to the AARP. (An individual is eligible for membership in AARP if the person's age exceeds 50 years). Let us call this organization AARP-Lite. AARP-Lite offers to sell a database marketing list of its members to Pilgrim Bank. Retired persons, Pilgrim is told, are often wealthy and have lots of disposable income. Therefore they should represent very profitable bank customers. Before buying the list, Pilgrim decides to conduct an internal analysis to determine if indeed, older persons are more profitable (on average). After contacting the CIO, Pilgrim learns that their database records do not exactly allow a determination of whether a person is over 50 or not. Rather, Pilgrim currently is only able to assign the following codes :

The CIO decides to separate Pilgrim customers into two buckets,those representing age codes 1-6and those representingage code 7(i.e., separate Pilgrim customers into Age < 65 or Age >= 65). Conduct an analysis to determine if there is in fact a significant difference in profitability between these two groups. Ignore missing values in your analysis (i.e., let Excel treat the missing value as is, without any attempt at modifying the missing value in any way).

Answer the following question based upon your analysis:

- WHICH OF THE FOLLOWING IS TRUE ABOUT THIS ANALYSIS?

Group of answer choices

The average profit of 'AGE < 65' is about 177.

The average profit of 'AGE >= 65' is about 180.36.

The average profit of 'AGE < 65' is about 103.

The average profit of 'AGE >= 65' is about 174..