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Homework: HW-7 (Chapter 7) Determine the null hypothesis, Ho, and the alternative hypothesis, H₁. Ho: π > 0.6 H₁: 0.6 (Type integers or decimals. Do not round.) Compute the test statistic. (Round to two decimal places as needed.) Textbook Statcrunch Question 5, 7.2.21 Part 2 of 4 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 0.6. A financial advisor believes that the proportion is actually less than 0.6. A survey of 32 investors found that 20 of them were risk-averse. Formulate a one-sample hypothesis test for a proportion to test this belief. Get more help. HW Score: 59.19%, 5.92 of 10 points O Points: 0 of 1 {0} Save Clear all Check answer ……