Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Several years ago the proportion of Americans aged 18 - 24 who invested in the stock market was 0.20. A random sample of 25 Americans
Several years ago the proportion of Americans aged 18 - 24 who invested in the stock market was 0.20. A random sample of 25 Americans in this age group was recently taken. They were asked whether or not they invested in the stock market. The results follow:
yes | no | no | yes | no | |
no | yes | no | no | yes | |
no | no | no | no | no | |
no | no | no | yes | no | |
no | no | yes | no | no |
At a .05 level of significance, set up a hypothesis test to determine whether or not the proportion of Americans 18 - 24 years old that invest in the stock market has changed.
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