Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A well-known brokerage firm executive has indicated that 30% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted
A well-known brokerage firm executive has indicated that 30% 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 400 people, 38% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is larger than 30% at the 0.01 significance level
p-VALUE =0.00019999999999998
How do you get that answer
ti-84
1-prop test
z=3.49
p=2.4
p^=.38
n=400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started