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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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