Research indicates that many Americans do not save enough for retirement, on average. A group of economists at the Federal Reserve Bank of St. Louis are interested in conducting a study to examine whether Americans between the ages of 55 and 65 have saved too little. The analysts obtain a random sample of Americans in this age group and proceed to test if there is evidence of insufficient savings from these data. The variable considered is the total amount of savings for each individual, reported in thousands of US dollars (i.e. if value 3 appears in the data set, it stands for $3,000.)

Required:
Assume that financial specialists suggest that the minimum level of retirement savings should be 1.5 million US dollars. Use the JMP output to report the value of the test statistic used to gather evidence against the null hypothesis.

Answers

Answer 1

This question is incomplete, the complete question is;

Research indicates that many Americans do not save enough for retirement, on average. A group of economists at the Federal Reserve Bank of St. Louis are interested in conducting a study to examine whether Americans between the ages of 55 and 65 have saved too little. The analysts obtain a random sample of Americans in this age group and proceed to test if there is evidence of insufficient savings from these data. The variable considered is the total amount of savings for each individual, reported in thousands of US dollars (i.e. if value 3 appears in the data set, it stands for $3,000.)

Required:

Assume that financial specialists suggest that the minimum level of retirement savings should be 1.5 million US dollars. Use the JMP output to report the value of the test statistic used to gather evidence against the null hypothesis. Report your answer as a number ( no symbols ) and round up to two decimal places.

Test mean

Hypothesized value : 1500

Actual Estimate        : 1613.07

DF                             : 251

Std Dev                    : 782.626

t Test

prob > |t|  0.0226*

Answer:

the value of the test statistic used to gather evidence against the null hypothesis is 2.29

Step-by-step explanation:

Given the data in the question,

we determine Test statistics of using the formula

t = (x" - μ) / (s/√n)

where;

μ is the theoretical mean ( 1500 )

x" is the observed mean ( 1613.07)

s is the standard deviation ( 782.626 )

n is the sample size ( DF = n - 1, n = DF + 1 , n = 251 + 1 = 252 )

so we substitute

t = (1613.07 - 1500 ) / (782.626 / √252)

t = 113.07 / 49.3008

t = 2.29

Therefore, the value of the test statistic used to gather evidence against the null hypothesis is 2.29


Related Questions

Need answer please !!

Answers

You would use P Theorem
You would get D
You would get 13/3

Show your work
2) Is(-3,-7) a solution to
4x – 8y < 24
Show your work

Answers

Answer: false, 44 is not less than 24

Step-by-step explanation:

Substitute-3 for x and -7 for y.

4(-3)-8(-7)<24

-12+56<24

44<24

helppppppppppppppppp

Answers

Answer: x smaller than or equal to -4

-2 4/5 divided by -7

Answers

Answer:

2/5 or 0.4

Step-by-step explanation:

convert -14/5 / (-7)

divide 14/5 / 7  ( two negatives equal a positive)

equals 2/5 or 0.4 in decimal

the answer is 2/5 and an alternative form would be 0.4

What value of x makes the following equation true x + 10 = 18​

Answers

x+10=18. |-10 from both sides
x+10-10=18-10
x=8

Step-by-step explanation:

The value should be

X=18-10= 8

X=8 Answer

At a bookstore Mrs.McIntyre buys three books, one for each of her children. Each book cost the same amount. She also buys $1.50 magazine for herself. Her purchases have a total price of $13.47. The equation 3x+1.50=13.47 models this situation. Solve this equation for x. Explain what this value of x means in terms of the bookstore purchases.

Answers

Answer:

X= $3.99

Step-by-step explanation:

X is the value of each book

Answer:

x=3.99

Step-by-step explanation:

3x + 1.5= 13.47

3x + 1.5 - 1.5 = 13.47 - 1.5

3x = 11.97

3x/3 = 11.97/3

HOPE THIS HELPSSS

if you add an exclamation I will give you a Brain list


A male animal can weigh up to 6,000 pounds.
How many tons is 6,000 pounds?
6,000 pounds is equivalent to what
tons.

Answers

Answer:

it would be 3 tons if I'm correct

Answer: 3 tons

Step-by-step explanation:

1 ton is equal to 2,000 pounds.

Divide 6,000 from 2,000 to find how many tons the animal weighs.

6,000/2,000=3.

Hope this helps!

What is the factored form of this expression? 27n3+125n3

Answers

Answer:

27n³+125n³ = 152n³

5.337n)(5.337n)(5.337n)

Answer:

Step-by-step explanation: use math-way a chegg service

Here it is sry and thx!

Answers

Answer:

B

Step-by-step explanation:

hard to explain xD

Answer:

#2

Step-by-step explanation:

1x60+45=105

2x60+45=165

3x60+45=225

4x60+45=285

PLEASE ANSWER FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
Jeff wants to form a garden that is in the shape of a triangle. He has two lengths of fence that are 19 feet long and 12 feet long. He says he will be able to form a triangular garden with a third length of fence that is 8 feet long. Is Jeff correct or incorrect in his reasoning? Explain.

Answers

Answer: Jeff is correct.

Step-by-step explanation:

The sum of the two sides of the triangle must greater than the longest side, which in this case, the longest side is 19 feet.

8 + 12 ? 19

20 > 19

Therefore, Jeff is correct.

y = -x + 2 –6x + 2y = 8​

Answers

Answer:

rewrite the whole expression;

X+Y =2

-6x + 2y = 8

divide the 2nd expression by 2 on both sides we get

-3x + y = 4

substract the 1st expression from the newly found 2nd expression

-3x-x + y-y = 8-2

-4x = 6; x= 3/2

y = 2-(3/2) = 1/2

x= 3/2 , y= 1/2

Mr. Ledford is concerned about the amount of sleep the students in his district are getting. He selects a random sample of 14 seniors in his district and asks them how many hours of sleep they get on a typical school night. He then uses school records to determine the most recent grade-point average (GPA) for each student. His regression output along with a residual plot and a histogram of the residuals are given below.

Sleep (hrs) 9 8.5 9 7 7.56 7 5.5 6 8.5 6.5 8
GPA 3.8 3.3 3.5 3.6 3.4 3.3 3.2 3.2 3.2 3.4 3.6 3.1 3.4 3.7

Required:
Do these data provide convincing evidence of a linear relationship between the hours of sleep students typically get and their academic performance, as measured by their GPA?

Answers

Answer:

Hence, the data provides convincing evidence that a linear relationship exists between hours of sleep observed and academic performance as measured by GPA.

Step-by-step explanation:

Given the data:

Sleep (hrs) 9 8.5 9 7 7.56 7 5.5 6 8.5 6.5 8

GPA 3.8 3.3 3.5 3.6 3.4 3.3 3.2 3.2 3.2 3.4 3.6 3.1 3.4 3.7

The scatter plot shows a positive linear trend. With the correlation Coefficient depicting a R value of 0.56. The residual plot also depicts a a randomly scattered values of the residual values. Similarly, a plot of the normal values of  residuals

The data provided has a linear correlation between the hours of sleep observed and academic performance as measured by GPA.  

What is correlation?

It is defined as the relation between two variables which is a quantitative type and gives an idea about the direction of these two variables.

We have given data of the 14 seniors shown in the table.

To solve this question we will calculate the correlation coefficient 'r'

The formula for correlation coefficient :

[tex]\rm r =\frac{n\sum xy-\sum x \sum y}{\sqrt{[n\sum x^2-(\sum x)^2]}[n\sum y^2-(\sum y)^2]} }[/tex]

From the table the value of n = 14

[tex]\rm \sum x = 104.5[/tex] , [tex]\rm \sum y =47.7[/tex] , [tex]\rm \sum xy =357.8[/tex] , [tex]\rm \sum x^2 =797.25[/tex] , [tex]\rm \sum y^2 =163.09[/tex]

Put all the values in the above formula we get:

[tex]\rm r =\frac{14\times357.8-104.5 \times47.7}{\sqrt{[14\times 797.25-104.5^2][14\times163.09-47.7^2]} }[/tex]

[tex]\rm r = \frac{5009.2-4984.65}{\sqrt{(241.25)(7.97)} }[/tex]

[tex]\rm r = \frac{24.55}{43.849}[/tex]

r = 0.559 ≈ 0.56

The value of the correlation coefficient is 0.56 which is between the values 0.5 to 0.7 shows that the variables are moderately correlated.

Thus, the data provided has a linear correlation between the hours of sleep observed and academic performance as measured by GPA.  

Learn more about the correlation here:

brainly.com/question/11705632

Take home pay is equal to

Answers

Answer:

gross income - ( required deductions + optional deductions )

Can someone please give me this answer

Answers

Answer:

42°

Step-by-step explanation:

According to Exterior Angle Theorem,

an exterior angle of a ∆ is equal to the sum of the opposite interior angles.

So,

h+96°=138°

h=138°-96°

h=42°

Choose the sets of equivalent expressions (select all that apply)

A. 4x and 5 + x

B. 2b + b and 3b

C. 3x and 3 + x

D. a ÷ 1/3 and 1/3 a

E. a ÷ 1/3 and a × 3

F. 1a and a

Answers

9514 1404 393

Answer:

  B, E, F

Step-by-step explanation:

A. 4x and 5 + x

B. 2b + b and 3b

C. 3x and 3 + x

D. a ÷ 1/3 and 1/3 a

E. a ÷ 1/3 and a × 3

F. 1a and a

_____

Comment on the above

ax is multiplication of x by 'a'. a+x is addition. They are different operations.

x/(1/3) is not the same as x(1/3). Multiplication and division are different operations.

Pedro is building a playground in the shape of a right triangle. The base of the triangle is 18 yards. The height of the right triangle is 2 1/3 yards. Find the area of the triangular playground.

Answers

Answer:

area of right triangle = ab/2

                     base = 18yards

                    height = 2 1/3 = 7/3yards

area =  (18 * 7/3) /2 = 42 /2 = 21[tex]yards^{2}[/tex]

hope this answer helps you.....

5th grade math. correct answer will be marked brainliest

Answers

Answer:

sorry but the picture if you put one on here isn't showing up maybe Repost and I could answer

Where is the question

 Consider the line segment LP with endpoint at L (-3, -5) and P (9, 7) and midpoint M.

What is the x—coordinate of N, the point that partitions segment MP in a 1 : 1 ratio?

A. 4
B. -4
C. -6
D. 6

Answers

Answer:

D. 6

Step-by-step explanation:

Finding M:

M is the midpoint of L and P, which is given by the mean coordinates of L and P.

x for L is -3, and for P is 9. So

(-3 + 9)/2 = 6/2 = 3

Finding N:

N is the midpoint between M and P, that is, the mean between the coordinates of M and P. So

(3 + 9)/2 = 12/2 = 6

The correct answer is given by option D.

Wally counted 200 pennies from his piggy bank. He kept 80% of them. How many pennies did Wally keep?
Select one:

160

60

80

120

Answers

The correct answer is A 160


This solid was created by joining two right rectangular prisms.
7 cm
9 cm
5 cm
4
4 / 3cm
12 cm
Enter the volume of the solid in cubic centimeters.

Answers

Answer: 648

Step-by-step explanation:

A high-school administrator who is concerned about the amount of sleep the students in his district are getting selects a random sample of 14 seniors in his district and asks them how many hours of sleep they get on a typical school night. He then uses school records to determine the most recent grade-point average (GPA) for each student. Here is the regression output. Assume the conditions for inference are met. 1.

Predictor Coef SE Coef T P
Constant 2.6476 0.3281 8.07 0.000
Sleep 0.10176 0.04347 **** *****

S = 0.1804
R-Sq = 31.3%
R-Sq(adj) = 25.6%

Required:
Predict the GPA for a senior in this district who gets 8 hours of sleep on a typical school night.

Answers

Answer:

3.46

Step-by-step explanation:

Given the regression output :

Predictor Coef ___SE __ Coef __ T ___ P

Constant 2.6476_0.3281_ 8.07 0.000

Sleep 0.10176 0.04347 **** *****

S = 0.1804

R-Sq = 31.3%

R-Sq(adj) = 25.6%

The regression equation which models the relationship between hours of sleep a student gets and his GPA can be obtained from the regression output :

The GPA is the dependent, y variable

Hours of sleep is the independent, x variable

y = 0.10176x + 2.6476

Hence, the GPA of a student who gets 8 hours of sleep on a typical school can be computed thus ;

Hours of sleep, x = 8

y = 0.10176(8) + 2.6476

y = 0.81408 + 2.6476

y = 3.46168

Thus, predicted GPA = 3.46

100% of 80 is what number?
Select one:

160

80

8

100

Answers

Answer:

80

explanation:

100% means that its the whole of something so all of the said number

Answer:

In converting to percentage we multiply by 100%

100% of 80 =

80/100 x 100%

0.8 x 100 = 80

NB the 100% of any number is the number itself

Please help me out here.............

Answers

The answer is 21 pounds 7 ounces.

f(x)=-2x² + 3x-6, find f (3)

Answers

Answer:

f(3) = -15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

FunctionsFunction Notation

Step-by-step explanation:

Step 1: Define

f(x) = -2x² + 3x - 6

f(3) is x = 3 for the function f(x)

Step 2: Evaluate

Substitute in x [Function]:                                                                                f(3) = -2(3)² + 3(3) - 6Exponents:                                                                                                        f(3) = -2(9) + 3(3) - 6Multiply:                                                                                                             f(3) = -18 + 9 - 6Add:                                                                                                                   f(3) = -9 - 6Subtract:                                                                                                            f(3) = -15

Answer:

f(3) = -15

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets

Parenthesis

Exponents

Multiplication

Division

Addition

Subtraction

Left to Right

Algebra I

Functions

Function Notation

Step-by-step explanation:

Step 1: Define

f(x) = -2x² + 3x - 6

f(3) is x = 3 for the function f(x)

Step 2: Evaluate

Substitute in x [Function]:                                                                                f(3) = -2(3)² + 3(3) - 6

Exponents:                                                                                                        f(3) = -2(9) + 3(3) - 6

Multiply:                                                                                                             f(3) = -18 + 9 - 6

Add:                                                                                                                   f(3) = -9 - 6

Subtract:                                                                                                            f(3) = -15

Inequality question PLEASE HELP

Answers

Answer:

40x4x<60

x<5

Step-by-step explanation:

40x4x<60

4x<60-40

4x<20

x<20÷4

x<5

Plzzzzzz helpppp me

Answers

Answer:

15

Step-by-step explanation:

Just substitute x in the equation

so x=3

so

3^2=9, 5x3=15, -9

equals 15

15.

start by replacing x with 3

so your equation now would look like

f(3)= (3)^2+5(3)-9

next start by doing exponents

f(3)= 9+5(3)-9

now you can do multiplication

f(3)= 9 + 15 - 9

add everything together

9 + 15 -9

your answer is 15. hope this helps

I need help please. ​

Answers

Supplementary angles add up to 180
So
I tho l it’s B

VERY EASY, WILL GIVE 50 POINTS FOR CORRECT ANSWER ASAP AND WILL GIVE BRAINLIEST.

Answers

Answer:

(3, -2)

Step-by-step explanation:

Ok so if yea I will eat smile and milk today and it will be good and healthy

A car and a truck left Washington, DC traveling in opposite directions. The car traveled 19 miles per hour faster than the truck, and at the end of 8 hours they were 1048 miles apart. What was the average speed of each vehicle?

100 POINTS

Answers

Answer:

Step-by-step explanation:xmccc

Truck speed be x
Car travel at x+19
They travel in opposite directions so the separation is (x+x+19) * no. Of the hours
1048 = (2x+19)*8
X= ((1048/8)-19)/2
=56

Truck speed is 56 miles per hour
Car speed is 56+19=75 miles per hour

Find the mean absolute deviation of the setback of data. 9, 12, 3, 5, 8

Answers

Answer:

3.5

Step-by-step explanation:

Other Questions
Please please help me it would mean a lot. Find the area 5. The owners of a two-person business make their decisions independently of each other and then compare their decisions. If they agree, the decision is made; if they do not agree, then further consideration is necessary before a decision is reached. The first owner makes the right decision 60% of the time; the second - 70% of the time. Enter your answers as decimals. 5(a) What is the probability that they make the right decision on the first try. 5(b) What is the probability that they make the wrong decision on the first try. 5(c) What is the probability that they delay the decision for further study. PLEASE HELP FAST!!(MC)A bank is robbed. In which court is the suspect most likely to appear first? Supreme Court State court County court Federal court Use the order of operations to solve for C when n = 5.C = 7(4n + 2) - 8Use order of operations to solve for C when n = 5.C = 45 - 3n f ( x ) = x 2 12 Find f ( 3 ) Write a paragraph about your dream job & my dream job is to be a accountant PLLS HELP I HAVE BEEN ASKING FOR 2 DAYS NOBODY HAS HELPED ME PLSSS OMG IM CRYING I WILL GIVE BRAINLIEST 5.A. neverB. not enough information providedC. sometimesD. always Why did Abraham Lincoln issued the Emancipation Proclamation? Sophia went to see a play at the theater downtown. 8:30 PM. The first act was 55 minutes long. Intermission lasted for 20 minutes, and the second act was an hour long. What time was it when the play finished? Which general idea best covers the specific ideas? Specific ideas : horror, shame, disgust, fear The general idea emotions. calm emotions. unpleasant emotions. All the organisms in a community, along with all interacting environment factors, form a (n) ________A. populationB. communityC. large biomeD. ecosystem i need help please and thank you i will give a brainliest for the correct answers so its more than once it say select all that apply x is 40% of 60x=?please help!! Reuben will rent a car for the weekend. he can choose one of two plans. the first has no initial fee but costs $0.90 per mile driven. The second plan has an initial fee of $65 and costs an additional $0.70 per mile driven. How many miles would Reuben need to drive for the two plans to cost the same? Roberto te vendi el carro a ti. Indirect and direct 6. What was the New Deal? *O A. AllyO B. The Opposite of the OLD DEALC. The stock marketD. Economic and social recovery/reforms by FDROther: ______and____ are early tetrapods that do not have features unique to fish. Describe how these two species differ antaomically and what that means about where they each live. What is the area of the triangle? 13 5 12 I really need help fast and ill do anything just help me plz