Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A well-known brokerage firm executive claimed that 20% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over

image text in transcribed
A well-known brokerage firm executive claimed that 20% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 100 people, 26% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 20% at the 0.05 significance level. The null and alternative hypothesis would be: Ho :p 0.2 Ho:H - 0.2 Ho: p 0.2 Hi:p / 0.2 H1 :p / 0.2 H1:p > 0.2 Hi:/ > 0.2 H1:p

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

Students also viewed these Mathematics questions