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A well-known brokerage firm executive claimed that 40% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over

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A well-known brokerage firm executive claimed that 40% 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 200 people, 43% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 40% at the 0.005 significance level. The null and alternative hypothesis would be: Ho: M 0.4 H1:p 0.4 The test is: two-tailed left-tailed right-tailed The test statistic is: (to 3 decimals) The p-value is: (to 4 decimals) Based on this we: Reject the null hypothesis Fail to reject the null hypothesis Question Help: Message instructor Check

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