A well-known brokerage firm executive claimed that 60% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found...


A well-known brokerage firm executive claimed that 60% of investors are currently confident of meeting<br>their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in<br>a sample of 200 people, 58% of them said they are confident of meeting their goals.<br>Test the claim that the proportion of people who are confident is smaller than 60% at the 0.005<br>significance level.<br>The null and alternative hypothesis would be:<br>Но: и — 0.6 Но:р < 0.6 Но:д 2 0.6 Но:д < 0.6 Но:р — 0.6 Но:р > 0.6<br>Hi:и 2 0.6 Hі:p> 0.6 Нj:р < 0.6 Hi:д > 0.6 Hi:р#0.6 Hi:р< 0.6<br>The test is:<br>left-tailed right-tailed two-tailed<br>The test statistic is:<br>(to 3 decimals)<br>The p-value is:<br>|(to 4 decimals)<br>

Extracted text: A well-known brokerage firm executive claimed that 60% of investors are currently confident of meeting their investment goals. An XYZ Investor Optimism Survey, conducted over a two week period, found that in a sample of 200 people, 58% of them said they are confident of meeting their goals. Test the claim that the proportion of people who are confident is smaller than 60% at the 0.005 significance level. The null and alternative hypothesis would be: Но: и — 0.6 Но:р < 0.6="" но:д="" 2="" 0.6="" но:д="">< 0.6="" но:р="" —="" 0.6="" но:р=""> 0.6 Hi:и 2 0.6 Hі:p> 0.6 Нj:р < 0.6="" hi:д=""> 0.6 Hi:р#0.6 Hi:р< 0.6="" the="" test="" is:="" left-tailed="" right-tailed="" two-tailed="" the="" test="" statistic="" is:="" (to="" 3="" decimals)="" the="" p-value="" is:="" |(to="" 4="">

Jun 07, 2022
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