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An issue that faces individuals investing for retirement is allocating assets among different investment choices. Suppose a study conducted 10 years ago showed that 65%

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An issue that faces individuals investing for retirement is allocating assets among different investment choices. Suppose a study conducted 10 years ago showed that 65% of investors preferred stocks to real estate as an investment. In a recent random sample of 900 investors, 369 preferred real estate to stocks (equivalently. 531 preferred stocks to real estate). Is this new data sufficient to conclude that the proportion of investors preferring stocks to real estate has declined from 10 years ago? Conduct the analysis at the a=0.02 level of significance HAD> HA DE HAPU Check the requirement for a hypothesis test for a proportion In this situation, np-is 5 and n(1-P)=is (Type integers or decimals) 5 Thus, the requirement satisfied What is the test statistic? 2 (Round to two decimal places as needed) What is the p-value? D-value = (Round to three decimal places as needed) What is the proper conclusion? Ho The proportion of investors preferring stocks to real estate as an investment has from 10 years ago

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