A financial analyst wants to understand the preference of the people investment strategy. A randomly selected people asked a question about the preference investment on their money either on "real estate" or "stock market". After collecting a data some statistical analysis is done to understand the main question of the analyst. Here is the financial analyst thought: A financial analyst thinks that there is an decreasing ratio on investing the money to "real estate " for last 5 years. In order to test the decrease in the preference of real estate a research is done and the following numbers are collected in 2010 and 2015. 20152010 Number of people asked 250 400 Number of people who prefer real estate 130 180 The analyst claims that there is a decreasing trend for every new year for investing the money to real estate. That means the ratio of people who invest their money to "real estate" in 2015 is less than that of in 2010. (H_{1}) : P 2010 >P 2015 ) Calculate test statistics.
A financial analyst wants to understand the preference of the people investment strategy. A randomly selected people asked a question about the preference investment on their money either on "real estate" or "stock market". After collecting a data some statistical analysis is done to understand the main question of the analyst. Here is the financial analyst thought: A financial analyst thinks that there is an decreasing ratio on investing the money to "real estate " for last 5 years. In order to test the decrease in the preference of real estate a research is done and the following numbers are collected in 2010 and 2015. 20152010 Number of people asked 250 400 Number of people who prefer real estate 130 180 The analyst claims that there is a decreasing trend for every new year for investing the money to real estate. That means the ratio of people who invest their money to "real estate" in 2015 is less than that of in 2010. (H_{1}) : P 2010 >P 2015 ) Calculate test statistics.
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