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Mathematics, 28.05.2020 05:57 anna80544

According to an estimate, 2 years ago the average age of all CEOs of medium-sized companies in the United States was 58 years. Jennifer wants to check if this is still true. She took a random sample of 70 such CEOs and found their mean age to be 54 years with a standard deviation of 6 years. Using the 1% significance level, can you conclude that the current mean age of all CEOs of medium-sized companies in the United States is different from 58 years?

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