Suppose That The Proportion Of Investors Who Are Risk Averse That Is Try To Avoid Risk In Their Investment Decisions 1 (56.37 KiB) Viewed 32 times
b. compute the test statisticc. find the p value
Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions) is though to be at least 0.7. A financial advisor believes that the proportion is actually less than 0.7. A survey of 36 investors found that 24 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Determine the null hypothesis, Ho, and the alternative hypothesis, H₁. Ho: H₁: (Type integers or decimals. Do not round.)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!