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Read the following case and provide answers to all the questions: Ten years ago, 53% of American families owned stocks or stock funds. Sample data
Read the following case and provide answers to all the questions:
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 46%.
- Develop appropriate hypotheses such that rejection of H0 will support the conclusion that a smaller proportion of American families own stocks or stock funds now than 10 years ago.
- Assume the Investment Company Institute samples 300 American families to estimate that the percent owning stocks or stock funds was 46%. What is the p-value for your hypothesis test?
- At =.01, what is your conclusion?
PLEASE DON'T COPY FROM CHEGG OR ANYWHERE ELSE ON THE INTERNET..I WILL BE CHECKING.
ALSO THIS NEEDS TO BE DONE IN EXCEL
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