Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELP ME with letter b PLEASE! Ten years ago 53% of American families owned stocks or stock funds. Sample data collected by the Investment Company

HELP ME with letter b PLEASE!

image text in transcribed
Ten years ago 53% of American families owned stocks or stock funds. Sample data collected by the Investment Company Institute indicate that the percentage is now 48%. (a) Choose the appropriate hypotheses such that rejection of Ho will support the conclusion that a smaller proportion of American families own stocks or stock funds this year than 10 years ago. Ho: P 2 0.53 Ha: P 0.53 (b) Assume the Investment Company Institute sampled 300 American families to estimate that the percent owning stocks or stock funds is 48% this year. What is the p value for your hypothesis test? If required, round your answer to four decimal places. Do not round your intermediate calculations. 0.0827 (c) At o = 0.01, what is your conclusion? We fail to reject the null hypothesis. We cannot conclude that a smaller proportion of American families own stocks or stock funds this year than they did 10 years ago

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

The Art Of Proof Basic Training For Deeper Mathematics

Authors: Matthias Beck, Ross Geoghegan

1st Edition

1441970231, 9781441970237

More Books

Students also viewed these Mathematics questions

Question

Explain the impact of organizational culture on employees.

Answered: 1 week ago