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.

Determine the nullhypothesis, H0, and the alternativehypothesis, H1.

H0:

pi

sigma

mu

not equals

greater than

>

less than or equals

less than

<

greater than or equals

equals

=

nothing

H1:

pi

mu

sigma

greater than or equals

equals

=

less than

<

less than or equals

greater than

>

not equals

nothing

(Type integers or decimals. Do notround.)