Suppose that the proportion of investors who are risk-averse (that is, try to avoid risk in their investment decisions)
Posted: Mon Jul 11, 2022 11:52 am
- 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 34 times
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.)