Answer:
|Z| = |-0.126| = 0.126 < 1.645
Null hypothesis is accepted
The retiring citizens is taken to investigate whether the new bill has raised the average age at which people actually retire.
μ = 57.5
Explanation:
Explanation:-
The average retirement age for a certain country was reported to be 56.4 years
The mean of the sample x⁻ = 56.4
The standard deviation of the Population 'σ'= 55 years
The mean of the population μ = 57.5
Null hypothesis: H₀:The retiring citizens is taken to investigate whether the new bill has raised the average age at which people actually retire.
μ = 57.5
Alternative Hypothesis : H₁: μ ≠57.5
Test statistic

critical value:


|Z| = |-0.126| = 0.126 < 1.645
The null hypothesis is accepted
Conclusion:-
The retiring citizens is taken to investigate whether the new bill has raised the average age at which people actually retire.
μ = 57.5