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Suppose that the proportion of investors who arerisk-averse (thatis, try to avoid risk in their investmentdecisions) is though to be at least 0.6. A financial

Suppose that the proportion of investors who arerisk-averse (thatis, try to avoid risk in their investmentdecisions) is though to be at least 0.6. A financial advisor believes that the proportion is actually less than 0.6. A survey of 30 investors found that 18 of them wererisk-averse. Formulate aone-sample hypothesis test for a proportion to test this belief.

Find thep-value for the test.

nothing

(Round to three decimal places asneeded.)

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