Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the test statistics and round it to 3 decimal places Find the p value and round it to 4 decimal places A well-known brokerage

Find the test statistics and round it to 3 decimal places Find the p value and round it to 4 decimal places

image text in transcribed
A well-known brokerage firm executive claimed 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 100 people, 29% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is smaller than 30% at the 0.05 significance level. The null and alternative hypothesis would be: Ho: p = 0.3 Ho : / 2 0.3 Ho: / = 0.3 Ho :p _ 0.3 Ho :p > 0.3 Hou 0.3 Hj : p 0.3 O O O The test is: two-tailed left-tailed right-tailed

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

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

5th Canadian edition

978-1118024492

Students also viewed these Mathematics questions